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Codeium raises $65 million in Series B funding to reduce inefficiencies in software development with generative AI-powered capabilities

Jan 30, 2024over 1 year ago

Amount Raised

$65 Million

Mountain ViewMachine LearningArtificial IntelligenceInformation TechnologySoftware

Investors

General CatalystGreenoaksKleiner Perkins

Description

Codeium raised $65 million in Series B funding to reduce inefficiencies in software development with generative AI-powered capabilities.

Company Information

Company

Codeium

Location

Mountain View, California, United States

About

Codeium is a leading AI-powered software developer productivity platform that aims to reduce inefficiencies in software development with generative AI-powered capabilities.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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