Poolside: The AI Startup Revolutionizing Code Writing with a $3B Valuation in Sight

Poolside's Journey to a $3 Billion Valuation

AI startup Poolside is gearing up for a potential funding round of nearly $500million at a staggering valuation of $3 billion. According to Bloomberg, the Paris-based company aims to revolutionize the software development process with its ChatGPT-like large language model (LLM) designed to write code.

Innovative Technology Training

Currently, Poolside is refining its LLM by engaging it in completing millions of tasks across tens of thousands of real-world software projects. This approach is essential for ensuring that Poolside's technology meets the needs of developers, as they present their demo code-generation product to potential investors.

Backing from Major Investors

• Bain Capital Ventures is in discussions to lead the investment round, marking a significant milestone for the startup.
• In August 2023, Poolside attracted $126 million in its seed round and moved its headquarters from the US to Paris.

France: An AI Hotbed

France is emerging as a growing hub for AI startups, with the French government's commitment of €500 million to boost AI technology. The country's capital, Paris, is particularly recognized for fostering innovation, following the successful funding rounds by rival firms like Mistral.

Founder's Background

Founded in April 2023 by Jason Warner and Eiso Kant, Poolside has established a promising trajectory. Warner, a former CTO at Microsoft-owned GitHub, previously contributed to the AI-driven Copilot tool. Kant's experience includes founding one of the first companies employing AI for coding.