artificial intelligence initiative Poolside, 500 million dollars received investment. The company’s $500 million series B investment round, Bain Capital Ventures led.
In the investment tour of the US-based company eBay, Nvidia, LG Technology Ventures, Happy Ventures, Redpoint Ventures, Citi Ventures, Capital One Ventures, HSBC Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street ve Fin Capital took place.
The company announced that it will use the new investment to develop artificial intelligence-supported software development tools, strengthen market entry strategies and accelerate R&D activities.
Founded by Eiso Kant and Jason Warner in 2023, Poolside stands out as a platform that offers artificial intelligence-based tools to facilitate and accelerate the software development process.
Poolside provides various support to software developers with its own artificial intelligence models. These patterns are designed to assist developers in the coding process. As users write code, Poolside’s artificial intelligence tools can automatically complete the code.
This feature allows developers to develop software faster by spending less time. AI suggests relevant pieces of code based on the existing code base or context. Poolside competes with similar companies and tools. It offers similar functionality to tools like GitHub’s Copilot.
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