AI Text-to-Code Startup StackBlitz Is in Talks for a $700 Million Valuation
- StackBlitz is set to raise over $80 million from investors
- Struggling startup turned around fortunes with AI product
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StackBlitz Inc., the maker of developer tool Bolt.new, is finalizing talks to raise money from investors at a $700 million valuation, its chief executive officer said — the latest deal for an artificial intelligence startup promising to change computer programming and coding.
The company is set to raise $83.5 million in a deal led by Emergence Capital and GV, formerly Google Ventures, said CEO Eric Simons. Madrona Venture Group, Conviction and Mantis are also participating.