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.
Blacksmith targets enterprises with 500 or more engineers. Its platform also offers test analytics and an observability roadmap. These features provide deeper insights into CI/CD processes.
Existing investors and angels also participated in the Blacksmith Series A funding round. Spencer Kimball, CEO of Cockroach Labs, and David Cramer, co-founder of Sentry, contributed. Blacksmith launched from Y Combinator's Winter 2024 batch.
