AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say

CodeyAccording to two sources of coding, the start of a EU, the $ 2.85 billion assessment, including fresh capital, gradually increases to a new circulation on capital.

The people said that the tour was carried out by returning to the investor Kleiner perkins.

The new round silicone valley is a total of six months after the codium is closed 150 million dollar series c Valuation of $ 1.25 billion in charge of the total catalyst with the participation of Kleiner Perkins and Greenoaks. TechCrunch failed to confirm the new financial dollar amount.

Codeium and Kleiner Perkins did not respond to a request for comments.

The company reached about $ 40 million in connection with annual recurring income (ARR). Based on this income figure, the intended codeaium is about 70 times. This is higher than other AI code editing companies.

Last month, the EU strong coding assistant cursor announced a new financial tour producing $ 2.5 billion worth of financing. In the income, when they reported $ 100 million, investors determined it 25 times ARR evaluation Too much.

In addition to any person who has said many investors, the current leader in the category, the codium competes with the pool, magic, Microsoft Github Copilot and others.

While negotiations with such a rich assessment, the company said that the company did not want to raise new funds before the company approached this round.

Codeium is trying to distinguish between competitors by targeting companies than individual developers. Last summer, the company spoke to TechCrunch, the release of the platform is used by more than 1,000 enterprise customers, including Anuril, Zillow and Dell.

The company introduced in November Windsurf editorYou can write a part of people without the participation of people, write an approach known as Agentic AI or “Agent mode”. Others, for example, cursor, at the same time Offer a similar feature.

The Codeium was built in 2021 by Mohan and his childhood friend and his wife Duglas Chen. Before the code, Chen, Oculus was in Meta that helped to build software tools for VR headphones like Quest. Mohan was a technical lead in Nuro at the start of the autonomous delivery, which is responsible for managing the autonomous infrastructure team.