San Francisco-based Blacksmith, a dev tool startup, secured $10 million in Series A funding. Google Ventures led the investment. This round closed just four months after its $3.5 million seed round.
Blacksmith provides a continuous integration and continuous delivery (CI/CD) service for developers. Specifically, it complements GitHub Actions to accelerate code shipping. Consequently, the platform addresses the growing need for speed in an AI-driven software environment. This Blacksmith Series A funding will enable further product development and market expansion.
Driving Efficiency in Software Development
The company's service operates on high-performance, gaming-grade CPUs. This unique approach delivers up to double the processing speed. Furthermore, it lowers compute costs by as much as 75% compared to generic cloud servers from providers like Amazon Web Services or Microsoft Azure.
Founded in January 2024, Blacksmith achieved $1 million in annual recurring revenue (ARR) by February. This milestone occurred with a team of only four people. Currently, revenue stands at $3.5 million ARR, serving over 700 customers.
The team has expanded to 11 members, supporting its rapid growth.