AI Company Poolside Seeks Nearly $500 Million in Funding at $3 Billion Valuation
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September 13, 2024
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Poolside, an AI code-writing startup, is in talks for a new funding round that would value it at $3 billion before launching its initial product.
Sources say the company is raising close to $500 million. Poolside’s existing investor, Bain Capital Ventures, is in talks to lead the round. Neither Poolside nor Bain Capital Ventures 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 comes alongside significant funding secured by two other Parisian startups, Mistral AI and H, to build generative AI models.
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