Poolside Raises $500 Million in Series B - October 2024

Executive Summary

Poolside raised $500 million in Series B funding to develop AI-powered coding assistants that help developers write, review, and optimize code faster.

Funding Amount: $500 Million

Valuation: $3 Billion

Round Type: Series B

Announced: October 2024

Headquarters: San Francisco, CA

Category: AI / Developer Tools

About Poolside

Poolside was founded in 2023 and is headquartered in San Francisco, CA. The company currently employs 100+ people and operates in the AI / Developer Tools sector.

Poolside raised $500 million in Series B funding to develop AI-powered coding assistants that help developers write, review, and optimize code faster.

Funding Round Details

Investment Amount

Poolside successfully raised $500 Million in this Series B funding round, announced in October 2024.

The round valued the company at $3 Billion post-money.

Lead Investors & Participants

Bain Capital Ventures (Lead Investor): Leading venture capital firm

DST Global (Venture Capital): Global technology investor

Redpoint Ventures (Venture Capital): Early-stage technology VC

Felicis (Venture Capital): Growth-stage investor

Use of Funds

Developing next-generation AI coding models, expanding engineering team, and scaling go-to-market efforts targeting enterprise developers.

The capital will enable Poolside to:

Accelerate product development and innovation
Expand market reach and customer acquisition
Scale operations and infrastructure
Strengthen the team with key hires
Invest in research and development

Key Metrics & Achievements

Founded in 2023, reached $3B valuation in 18 months
Competing with GitHub Copilot and Cursor
Focused on specialized coding AI models
Targeting enterprise software development teams
Raised over $600 million total

Business Model

Poolside provides AI-powered coding assistance through IDE integrations and APIs, charging subscription fees to developers and enterprises for enhanced productivity.

Market Opportunity & Competition

Competes with GitHub Copilot (Microsoft), Cursor, Tabnine, and Replit in the rapidly growing AI coding assistant market.

The AI / Developer Tools market continues to experience rapid growth, with increasing demand from enterprises and consumers. Poolside is well-positioned to capitalize on this opportunity with its differentiated technology and strong investor backing.

What This Means for the Industry

This significant funding round demonstrates strong investor confidence in Poolside's vision and execution. The $500 Million investment positions the company to:

Accelerate Innovation: Develop next-generation products and features
Expand Market Leadership: Capture greater market share in AI / Developer Tools
Scale Operations: Build infrastructure to support rapid growth
Attract Top Talent: Recruit world-class engineers, researchers, and business leaders
Drive Industry Transformation: Shape the future of AI / Developer Tools

Company Background

Founded: 2023

Headquarters: San Francisco, CA

Employees: 100+

Industry: AI / Developer Tools

Total Funding: $500 Million+ (this round)

Looking Ahead

With this substantial funding, Poolside is positioned for continued growth and innovation in the AI / Developer Tools space. The company plans to leverage the capital to expand its market presence, enhance its product offerings, and solidify its position as a leader in the industry.

Investors and industry analysts will be closely watching Poolside as it executes on its ambitious growth plans and works to deliver value to customers and shareholders.

About the Investors

Bain Capital Ventures: Leading venture capital firm

DST Global: Global technology investor

Redpoint Ventures: Early-stage technology VC

This funding announcement was verified through official press releases, SEC filings, and credible news sources including Crunchbase, TechCrunch, and Bloomberg.

Last Updated: October 26, 2025

Poolside