Blacksmith, a platform that helps companies build and test software, including code written by AI, raised a $66 million Series C led by Sequoia, valuing the company at $1 billion. The round follows a $45 million Series B two months earlier that valued it at $550 million. The company says its annual recurring revenue has grown 17 times over.
What does Blacksmith do?
Blacksmith, a platform that helps companies build and test software, including code written by AI, announced Wednesday that it has raised a $66 million Series C led by Sequoia. The round values the company at $1 billion.
Co-founder and CEO Aditya Jayaprakash said the company was founded to make continuous integration, or CI, "less painful." CI is the process of building, testing, merging and validating code changes. In a blog post, Jayaprakash wrote that "most companies are struggling to keep up with the volume of CI they need to run," especially as AI writes more of the code.
"As agents write more of the world's software, the question that matters is whether it can be trusted," he added.
The company also said its annual recurring revenue has grown 17 times over and that it has run more than 90 million CI jobs, which are individual automated code checks. Customers include Mercury and Granola.
How much has Blacksmith raised?
The Series C comes just two months after a $45 million Series B that valued the company at $550 million. A year ago, Blacksmith was valued at $60 million after raising a $10 million Series A. It has raised $125 million to date.
This article was written with the assistance of AI.
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