Codeium Reaches Unicorn Status With $150 Million Series C Raise
AI coding platform Codeium secures $150 million in Series C funding at a $1.25 billion valuation. The company plans to use the capital to expand its research and development efforts.
Codeium, an AI-based code acceleration platform, secures $150 million in Series C funding, pushing its valuation to $1.25 billion and achieving unicorn status less than two years after its founding. General Catalyst leads the funding round, with continued support from existing investors Kleiner Perkins and Greenoaks.
The company provides an AI-powered platform that transforms how developers work on complex codebases by making coding faster, smarter, and more intuitive. Codeium recently launches breakthrough technologies like Cortex, an AI reasoning engine for complex coding tasks, and Forge, an AI-assisted code review tool that reduces cycle times and improves review culture.
Codeium experiences rapid growth, boasting over 700,000 active developers and an enterprise product that reaches eight figures in annual recurring revenue with ARR growing by over 500% since early 2024. The startup processes over 100 billion tokens daily and integrates into production workflows at major companies like Zillow, Dell, and Anduril.