Tabnine raises $25M Series B funding to continue innovating in generative AI tools for developers

Tabnine, a leading independent company focused on AI for software development, has raised $25 million in a financing round led by Telstra Ventures and joined by Atlassian Ventures, with plans to enhance its AI-powered products to streamline and expedite software development processes. With over a million developers using its AI coding assistant, Tabnine automates 30-50% of code generation, thus freeing developers to engage in more creative and valuable tasks. The company envisions AI evolving from an assistant to a foundational platform in the software development lifecycle, enabling developers to have advanced interactions with AI systems. Guided by principles such as customer control, privacy, personalization, compliance, and choice, Tabnine ensures its technology aligns with the needs and standards of its users, supporting various IDEs and SCMs while being adaptable to any large language model (LLM) the customer may use. This funding will support Tabnine's mission to innovate further in AI-driven code generation, making software development more efficient and rewarding.