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10/10Late-stage / GrowthClosed a $2.3 billion funding round at a $29.3 billion valuation; reported >$1 billion ARR (rapid growth from $100M to $300M to $1B+ ARR within a short timeframe).
Description
AI coding assistant and developer productivity platform that has rapidly scaled revenue and enterprise adoption while building a vertical model (Composer) tailored to engineering workflows.
Why in News
Massive $2.3B raise at $29.3B valuation (12x increase in valuation in under a year), participation from Nvidia and Google, building proprietary model 'Composer', claimed widespread enterprise adoption and dramatic developer velocity improvements.
Published
January 20, 2026
Analysis
Major, category-defining funding round and valuation for an AI developer tool with reported $1B+ ARR and enterprise traction; signals consolidation and investor bet on developer velocity as a competitive moat.