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In a major deal Poolside.ai is raising over $400 million in funding at a valuation of $2 billion. The company, which is building a supercharged coding co-pilot using generative AI, has already made a splash in the industry with its innovative approach.
Poolside‘s founders, Jason Warner and Eiso Kant, have a strong background in developer tools and DevOps, with Warner being the former CTO of GitHub and Kant having founded Athenian, which was acquired by the Linux Foundation.
This expertise has likely played a key role in attracting investors, including Bain Capital Ventures and DST, which are leading the funding round.
The company’s focus on helping developers work faster resonates with investors, who see a clear need for tools that can speed up software development. While other AI startups are building more generalist models, Poolside’s targeted approach has a clear monetization potential, making it an attractive investment opportunity.
Poolside’s ambition doesn’t stop at developers, though. The company plans to eventually work with anyone who wants to write code and software, and then expand its capabilities to other fields.
With its strong founding team, clear problem-solving approach, and signs of early success, Poolside is poised to make a big impact in the AI industry.