The artificial intelligence startup Poolside has raised $500 million. The company’s Series B funding round was led by Bain Capital Ventures.
The funding round included participation from several prominent investors, such as eBay, Nvidia, LG Technology Ventures, Felicis Ventures, Redpoint Ventures, Citi Ventures, Capital One Ventures, HSBC Ventures, DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street, and Fin Capital.
The company announced that it will use the new investment to develop AI-powered software development tools, strengthen go-to-market strategies, and accelerate R&D activities.
Founded in 2023 by Eiso Kant and Jason Warner, Poolside has gained attention as a platform that offers AI-based tools to streamline and accelerate the software development process.
Poolside provides various support for software developers through its own developed AI models, which are designed to assist in the coding process. As users write code, Poolside’s AI tools can automatically complete code segments.
This feature allows developers to create software more quickly and efficiently, saving time. The AI suggests relevant code snippets based on the existing codebase or context. Poolside competes with similar companies and tools, offering functionalities comparable to those of GitHub’s Copilot.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
