Code-generating AI platform Tabnine nabs $25M investment


"Investors see potential in generative coding tools, too — particularly in what the tools can accomplish at enterprise scale. And this enthusiasm is translating to new financing for startups like Tabnine, which today announced that it raised $25 million in a Series B funding round led by Telstra Ventures with participation from Atlassian Ventures, Elaia, Headline, Hetz Ventures, Khosla Ventures and TPY Capital...Tabnine has competitors in GitHub Copilot and Amazon CodeWhisperer. But Weiss asserts that the company affords more control and personalization than rival systems, for example enabling customers to deploy its tools either on-premises or via a virtual private cloud...Tabnine claims to have over a million users and 10,000 customers — which, while short of Copilot’s roughly one million paying users and 37,000 corporate customers, is a respectable user base indeed...Weiss says that the proceeds from the Series B — which brought Tabnine’s total raised to $55 million — will be put toward expanding Tabnine’s generative coding capabilities and further building out its sales and global support teams. Tabnine expects to end the year with 150 employees, up from ~60 today."


https://techcrunch.com/2023/11/08/code-generating-ai-platform-tabnine-nabs-25m-investment/

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