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SolveAI raises $50M to challenge AI coding tools

Yahoo Tech •
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SolveAI, a London-based enterprise coding startup founded by former Palantir engineer Steve Basher, has raised $50 million in just eight months of operation. The company, which employs only eleven people, secured a $5 million pre-seed round led by Accel in August and a $45 million Series A led by Google Ventures in November.

Basher's approach focuses on building AI coding tools that understand a company's specific context and framework. "AI's somewhat useless without context," Basher told Fortune. The startup's investors include Northzone, Mantis VC, NeverLift, Palantir CISO Mike LoSapio, Google DeepMind's Pushmeet Kohli, and OpenAI's Olivier Godement.

SolveAI operates in the competitive AI coding tool space, where companies like Cursor (valued at $29.3 billion) and Lovable (valued at $6.6 billion) dominate. Basher sees Lovable as a consumer-focused alternative that helps non-technical users build software through natural language. However, he believes SolveAI can solve the "last-mile" problem for enterprises by generating software that appears to be written by the company's own engineers. Google Ventures managing partner Tom Hulme backs this vision, emphasizing that moving from prototypes to scalable production requires deep understanding of enterprise software deployment nuances.