coding

AI coding startup Poolside raises $500M from eBay, Nvidia and others

Poolside, the AI-powered software dev platform, has raised half a billion dollars in new capital. The cash came in the form of a Series B led by Bain Capital Ventures, which also had participation from a who’s who of big tech firms including eBay (via eBay Ventures) and Nvidia. It brings Poolside’s total raised to […]

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Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others

Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $320 million fundraising round with contributions from Schmidt, Jane Street,

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GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation

A startup whose product competes with GitHub Copilot and other AI-powered coding assistants has achieved unicorn status. On Thursday, Codeium said it closed a $150 million Series C round led by General Catalyst that values the company at $1.25 billion post-money. The round, which also saw participation from existing investors Kleiner Perkins and Greenoaks Capital,

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Mistral releases Codestral, its first generative AI model for code

Mistral, the French AI startup backed by Microsoft and valued at $6 billion, has released its first generative AI model for coding, dubbed Codestral. Codestral, like other code-generating models, is designed to help developers write and interact with code. It was trained on over 80 programming languages, including Python, Java, C++ and JavaScript, explains Mistral

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