Amount$1B
Post-money valuation$26B
SeriesSeries B
AnnouncedJun 13, 2024
SectorAI Coding Assistant
Sub-sectorGenerative AI
RegionUnited States
Mixed
A mixed round — some signals are off the norm.
Round size vs peers
Far above the typical Series B round (35.7× the median) — an outlier.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series B rounds (996)
Round size distribution100th pct
smaller Series B roundslarger
Post-money valuation100th pct
$35Mthis round: $26B$2.6B
vs. AI Coding Assistant (6)
Round size in sector100th pct
$19Mthis round: $1B$1B
