- Funding and valuation: Blacksmith raised $45 million in Series B funding led by Peak XV Partners, valuing the company at $550 million, up from a $60 million valuation in its Series A less than a year ago.
- Customer growth: The company now serves over 5,000 customers, including Mercury, Supabase, Clerk, Ashby, and Expensify, up from more than 700 customers less than a year ago.
- Revenue: Blacksmith reached a $10 million annualized revenue run rate with just 10 employees and has since grown revenue to tens of millions of dollars, though CEO Aditya Jayaprakash declined to provide a specific updated ARR figure.
- Caveat: These revenue and customer numbers are self-reported by the CEO and not independently verified, which is typical for a startup announcement.
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AI code-testing startup Blacksmith's valuation jumps almost 10x in less than a year
Blacksmith raised a $45 million Series B led by Peak XV Partners at a $550 million valuation, up from $60 million in its Series A less than a year ago. Customer count grew from over 700 to over 5,000, though all figures are self-reported by the CEO without independent verification.
- Startup Funding
- AI Code Testing
- Software Development
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