Codeium Raises $65 million To Bring Generative AI to Software Coding
MOUNTAIN VIEW, Calif., Jan. 30, 2024 /PRNewswire/ -- Today, Codeium announced it has raised a $65 million Series B round to help software developers supercharge their workflows with generative AI-powered capabilities. The financing was led by Kleiner Perkins with participation from repeat investor Greenoaks as well as General Catalyst.
- Codeium is a generative AI-powered coding toolkit that leverages proprietary code-biased Large Language Models (LLMs) to reduce inefficiencies in software development and maximize developer productivity.
- "Software engineering is the backbone of innovation yet the process is expensive and inefficient due to imperfect knowledge retrieval, boilerplate tasks, maintenance overhead, and more," said Varun Mohan, CEO, Codeium.
- This is precisely why we developed Codeium: to let developers focus on creative, high-value tasks—not tedious maintenance work."
- "Their AI technology is not just accelerating developer productivity; it's reshaping the way software is written.