Exclusive: AI code-testing startup Blacksmith hits $1 billion valuation as AI-written code surges
Source: Fortune ·
The startup’s valuation has nearly doubled in two months as AI coding tools flood companies with more code than their testing systems can handle.
From the source
Blacksmith, a startup that runs the infrastructure companies use to test code before it ships, has been valued at $1 billion following a new $66 million funding round led by Sequoia Capital. The round, which is Blacksmith’s Series C, comes about two months after the company raised a $45 million Series B led by Peak XV Partners at a $550 million valuation. It brings Blacksmith’s total funding to about $124.5 million. Blacksmith says more than 10,000 companies now use its platform, up from about 5,000 in August. Customers include well-known startups Granola, Handshake, Supabase and LangChain. At the start of the year Blacksmith ran 5 million validation checks a week; it now runs 90 million. Annual recurring revenue has grown 17x over the same period, according to cofounder and CEO Aditya Jayaprakash, who said revenue is now in the tens of millions. The company said its largest customers spend more than $1 million a year. Jayaprakash told Fortune that most of the new money will go…