TechCrunch Startup News AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say
Feb 26, 2025
A promising AI coding startup is on the brink of raising funds at an impressive $2.85 billion valuation. The discussion highlights the company's rapid growth and its innovative approach to attracting enterprise clients. Listeners will also gain insights into how this startup positions itself within the competitive landscape of the AI coding industry.
AI Snips
Chapters
Transcript
Episode notes
Codeium's High Valuation
- Codeium, an AI coding startup, seeks funding at a $2.85 billion valuation, significantly higher than competitors like AnySphere.
- Despite similar revenue figures, Codeium's valuation is 70x its annual recurring revenue, while AnySphere's is 25x.
Codeium's Enterprise Focus
- Codeium focuses on enterprise customers rather than individual developers, unlike competitors.
- Their free tier boasts over 1,000 enterprise clients, including Anduril, Zillow, and Dell.
Codeium's Windsurf Editor
- Codeium launched the Windsurf editor, enabling agentic AI or agent mode coding.
- Similar to Cursor's features, Windsurf writes code without human intervention.