Official announcement from Codeium or verified valuation reports

Codeium Raises $150M at $1.25B Valuation, Joins Unicorn Club

Aug 29, 2024, 04:15 PM

Codeium, a startup developing AI-powered coding tools to rival GitHub Copilot, has successfully raised $150 million in Series C funding, achieving a valuation of $1.25 billion. The funding round was led by investors including General Catalyst, Kleiner Perkins, and Greenoaks. Codeium reports having over 700,000 users and more than 1,000 enterprise clients. This significant financial backing positions Codeium as a strong competitor in the AI coding tool market.