August 29, 2024: Codeium Raises $150M, Hits $1.25B Valuation - Codeium, a GitHub Copilot competitor, raised $150M in a Series C round led by General Catalyst, valuing it at $1.25B. Founded in 2021, the startup now boasts 700,000 users and 1,000 enterprise customers. Codeiums AI-powered coding assistant supports 70 programming languages and integrates with popular development environments. With advanced data security measures and a client-centric approach, Codeium aims to reduce coding inefficiencies and enhance code security. Revenue hit eight figures this year, and the startup plans to expand its team to 120 by 2025.
