Poolside Raises $500 Million to Build AI Coding Software
- Company hasn’t released its product or given a launch timeline
- Investment shows continued investor appetite for AI startups
This article is for subscribers only.
Poolside, a startup building artificial intelligence software for programmers, has raised $500 million from investors ahead of the company’s plans to release an initial product.
The round was led by Bain Capital Ventures and also include funds from DST Global, StepStone Group, Citi Ventures and HSBC Ventures, Poolside said in a statement on Wednesday. The new financing gives the startup a valuation of $3 billion, Bloomberg reported last month.