Poolside
Poolside Raises $500M in Series B
Quick Facts
Poolside Raises $500M in Series B
Poolside has successfully raised $500M in a Series B at a $3B valuation led by Bain Capital Ventures, DST Global, Redpoint Ventures, eBay Ventures, Nvidia.
Company Overview
Poolside is a AI/ML company headquartered in 1 rue de la Paix, Paris 75002, France, founded in 2023 with 40+ employees.
AI for software development
Fundraising Details
- Amount Raised: $500M
- Round Type: Series B
- Valuation: $3B
- Date: 2024-10-03
- Investors: Bain Capital Ventures, DST Global, Redpoint Ventures, eBay Ventures, Nvidia
About Poolside
AI for software development The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1 rue de la Paix, Paris 75002, France
- Founded: 2023
- Team Size: 40+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Poolside's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Poolside's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3B valuation marks an important milestone for Poolside, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Poolside is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-10-03. For more information about Poolside, visit their headquarters at 1 rue de la Paix, Paris 75002, France.
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