Blacksmith, a platform for efficient software building and testing, announced a $66 million Series C funding round led by Sequoia, valuing the company at $1 billion. Co-founder and CEO Aditya Jayaprakash stated the company was founded to make continuous integration (CI) less painful, noting that most companies struggle to keep up with the volume of CI needed, especially with AI-written code. The company reported 17x annual recurring revenue growth and over 90 million CI jobs run.
Customers include Mercury and Granola. This round follows a $45 million Series B two months prior, which valued the company at $550 million. A year ago, Blacksmith was valued at $60 million after a $10 million Series A.
Total funding raised to date is $125 million.
Source: TechCrunch Venture · Summarized by HeadlinesBriefing