Series C Announcement

The company has successfully raised $150 million in a Series C funding round, reaching a valuation of $1.25 billion, with General Catalyst leading the investment and participation from Kleiner Perkins and Greenoaks. This achievement highlights the company's rapid growth, including expanding its user base to over 700,000 active users and achieving an eight-figure annual recurring revenue (ARR) in less than a year. The company attributes its success to a highly skilled team and a differentiated product that offers personalization, extensibility, and enterprise readiness, earning high ratings and trust from Fortune 500 companies. Key technological advancements, such as Riptide and Forge, have been realized, and the company has pioneered features like in-IDE chat and context awareness. Looking forward, the company aims to enhance its partnerships, scale its organization, and establish itself as the leading assistant for software developers and organizations, with a focus on customer value rather than funding milestones.