Blacksmith hits unicorn valuation after Sequoia leads Series C
Blacksmith raised $66 million Series C led by Sequoia at a $1 billion valuation.Summary
Blacksmith, a platform for efficiently building and testing software, including AI-written code, announced a $66 million Series C funding round led by Sequoia, valuing the company at $1 billion. Co-founder and CEO Aditya Jayaprakash said Blacksmith was founded to make continuous integration (CI) less painful, addressing the challenge of companies struggling to keep up with CI volume, especially as AI writes more code. The company reported its annual recurring revenue has grown 17x and that it has run over 90 million CI jobs. Customers include Mercury and Granola. The Series C comes just two months after a $45 million Series B at a $550 million valuation, and a year after a $10 million Series A at a $60 million valuation. Blacksmith has raised $125 million to date.
(Source：TechCrunch)