Blacksmith reaches $1 billion valuation in Sequoia-led Series C
Original title: Blacksmith hits unicorn valuation after Sequoia leads Series C
The $66 million round follows a $45 million Series B two months earlier that valued the CI company at $550 million.
Blacksmith, a platform for building and testing software including AI-written code, said Wednesday it raised a $66 million Series C led by Sequoia at a $1 billion valuation. CEO Aditya Jayaprakash said the company aims to make continuous integration less painful as agents write more code. The company says annual recurring revenue grew 17 times and that it has run over 90 million CI jobs, with customers including Mercury and Granola. It has raised $125 million to date; a $10 million Series A a year ago valued it at $60 million.
Unconfirmed: The 17x revenue growth and more than 90 million CI jobs are figures announced by the company.
- The Series C is $66 million and values Blacksmith at $1 billion.
- A $45 million Series B two months earlier valued it at $550 million.
- A $10 million Series A a year ago valued it at $60 million.
- Total capital raised to date is $125 million.
- Named customers are Mercury and Granola.
- Vendors
- Blacksmith
From the original article
1 min read at techcrunch.com
Blacksmith, a platform that lets companies build and test AI code more effectively, just announced a $66 million Series C round led by Sequoia that values the company at $1 billion.
By Dominic-Madori Davis · techcrunch.com
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