AI startup Poolside raises $500M as AI coding market booms

AI startup Poolside has raised a whopping $500mn — and it still hasn’t even launched a product. Despite the barren release schedule, the company has become an investors’ darling. The new Series B round brings Poolside’s total funding to $626mn. Its valuation now stands at a cool $3bn. The cash magnet is a AI-powered coding. Poolside has developed its own language model, which promises to accelerate software development. The company also boasts two eye-catching co-founders. CEO Jason Warner helped create GitHub Copilot, while CTO Eiso Kant is a serial founder of AI startups. At Poolside, the pair are building three things:…

This story continues at The Next Web https://thenextweb.com/news/startup-poolside-raises-500m-as-ai-coding-market-booms