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Yet another AI coding startup has raised big.

closed a $500 million Series B led by . The new round values the startup at $3 billion, .

The round also included investment from several corporate and institutional investors such as聽 , , , and .

The startup builds artificial intelligence software for programmers.

鈥淥nly a handful of companies will reach (artificial general intelligence) 鈥� and they are being forged at this very moment,鈥� said Poolside CEO in a . 鈥淲e believe software development will be the first broad capability where AI will reach and surpass human-level intelligence. Through our team, our applied research, and a powerful revenue engine, poolside will bring AI for software development so that anyone in the world can build.鈥�

The company has raised $626 million since May 2023.

Big deals

Poolside is just one of a handful of big deals recently in the AI coding space.

In August, San Francisco-based , which also develops AI models to write software, raised a $320 million round from new investors including and . The announcement came nearly two months after in talks with investors to raise a fresh $200 million at a $1.5 billion valuation.

Also in August, AI-powered coding assistant closed a $150 million Series C round led by that values the Mountain View, California-based startup at $1.25 billion. Codeium鈥檚 platform uses generative AI models trained on public code to give developers suggestions for building apps, and can support dozens of programming languages.

Related reading:

• AI Coding Is Ultra Hot, With Magic And Codeium Revealing Big Rounds This Week
• AI Coding Software Magic Looking To Conjure Up $200M At $1.5B 鈥� Report

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