AI Startup Poolside Nears $3 Billion Valuation to Rival Microsoft’s GitHub
- Company set to raise almost $500 million in new funding
- Poolside has not yet launched its initial AI product
The startup is currently focused on winning over developers and has shown a demo code-generation product to investors.
Photographer: Sem van der Wal/AFP/Getty ImagesPoolside, a startup creating artificial intelligence to write software, is in talks to raise a new round of funding that would give it a $3 billion valuation even before releasing an initial product, according to people familiar with the deal.
The company is set to raise nearly $500 million in new financing, said the people, who asked not to be identified discussing private information. Bain Capital Ventures, an existing investor in Poolside, is in talks to lead the investment round.