AI Company Poolside Seeks $500M Funding at $3B Valuation
Publication Time:2024-09-13 09:21:07
It has been reported that AI company Poolside is preparing to raise a round of funding aimed at raising nearly $500 million at a valuation of $3 billion. This move has already secured significant investment value for Poolside before the release of its first artificial intelligence software product. It is understood that existing investor Bain Capital Ventures is considering leading this round of funding. Although neither Poolside nor Bain Capital Ventures have commented on this, Poolside was founded in early 2023 by Jason Warner, former CTO of GitHub, and software entrepreneur Eiso Kant. Following a seed funding round of $126 million last year, Poolside has relocated to France. Additionally, another Paris-based startup, Mistral AI and H, has also received substantial funds to build generative AI models.
startup
AI company
Poolside
$3B Valuation
$500M Funding