September 16, 2024: Supermaven Secures $12M from OpenAI, Perplexity Founders - AI coding assistant Supermaven, founded by Jacob Jackson, has raised $12 million in a round led by Bessemer Venture Partners with angel investors from OpenAI and Perplexity. Supermavens proprietary AI model, Babble, boasts a 1 million-token context window, enhancing code understanding and reducing errors. Despite competition and potential ethical concerns, the platform has grown significantly since its February launch, now claiming 35,000 users and $1 million in annual recurring revenue. The funding will be used to expand the team and develop Supermavens text editor.
