Codeium, a Mountain View, CA-based provider of an AI-powered code acceleration platform, secures $150million in series C round funding, at $1.25 Billion valuation. The round was led by General Catalyst, with participation from existing investors Kleiner Perkins and Greenoaks.
The company plans to increase personnel and expedite the development of new features and products with the usage of the cash. Under the direction of CEO Varun Mohan, Codeium offers a generative AI-powered coding platform that maximizes developer productivity by minimizing software development inefficiencies and utilizing proprietary code-biased large language models (LLMs).
It supports more than 70 languages and interfaces with more than 40 Integrated Development Environments (IDEs), including Visual Studio Code, Eclipse, the JetBrains suite, and Jupyter Notebooks. It was created with maximum flexibility in mind.
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The company has added 80 professionals to its workforce and more than 700,000 active developers to its user base in the last two years. The enterprise product’s annual recurring revenue (ARR) grew by more than 500% since early 2024, hitting eight figures. With over 100 billion tokens processed per day, Codeium is already a part of production workflows at organizations like Dell, Anduril, and Zillow.
About Codeium
The cutting-edge AI-powered code acceleration tools Codeium is the modern coding superpower. Get access to Codeium.com for free lifetime. They think a lot of the processes involved in modern development workflows—from reading through StackOverflow to just repeating boilerplate—are just plain boring, laborious, or annoying. They can remove these components using current AI developments, making the process of converting your thoughts into code smooth.
