AI Company Poolside Seeks Nearly $500 Million in Funding at $3 Billion Valuation
On September 13th, sources revealed that Poolside, a startup developing AI-powered software, is in talks for a new funding round that would value the company at $3 billion before the release of its initial product.
Sources say the company is looking to raise close to $500 million. Poolside's existing investor, Bain Capital Ventures, is reportedly in talks to lead the round. Neither Poolside nor Bain Capital Ventures have commented.
Poolside was founded in early 2023 by Jason Warner, former CTO of GitHub, and software entrepreneur Eiso Kant. After securing $126 million in seed funding, the startup moved to France last year. This follows the significant funding secured by two other Parisian startups, Mistral AI and H, focused on building generative AI models.