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AI coding assistants are becoming wildly pop , with thevast majorityof respondents in GitHub ’s tardy crown say that they ’ve follow AI tools in some form . Y Combinator partner Jared Friedmanrecently claimedthat a after part of YC ’s W25 inauguration batch have 95 % of their codebases generate by AI .
Sensing an opportunity , VCs are rushing to back startups train AI - powered assistive programing tools . One of these startup , Graphite , on Tuesday announced that it raised $ 52 million in a Series B round head by Accel , with engagement fromAnthropic ’s Anthology Fundwith Menlo Ventures , Shopify Ventures , Figma Ventures , Andreessen Horowitz and The General Partnership .
Tomas Reimers , Greg Foster , and Merrill Lutsky plant Graphite in 2020 . Reimers is an old-fashioned - Facebook software dev , whereas Foster was an technologist at Airbnb and Google . Lutsky antecedently founded Posmetrics , a customer feedback solutions house .
Graphite began its life as a mobile development tooling company , but it pivoted to encipher review shortly after opening up shop . Today , Graphite ’s platform gives feedback on computer code , leverage AI — specifically Anthropic ’s and OpenAI ’s models — to ease up errors and potential oversights .
“ Graphite set off as an intragroup tool we built to lick our own pain around code brushup , ” Lutsky separate TechCrunch . “ We share what we built with a few ex - Meta engine driver , who quickly shared it more broadly , and before long the requirement for Graphite became too loud to ignore . ”
There ’s a passel of competition in the AI coding adjunct space . BeyondGitHub Copilotand well - fund effort like Cursor makerAnysphere , Poolside , Augment , Magic , andCodeium , startupsCodeRabbitandDeepCodeboth concentrate specifically on AI - power computer code critical review applications . OpenAI recentlyupdated its macOS ChatGPT appto directly edit code in pop app dev tools , and Anthropic — one of Graphite ’s fiscal backers — has anassistive programing toolof its own .
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Graphite has managed to carve out a recess for itself , however , partly by working to relieve client ’ fear of thereliability risksassociated with AI - powered assistive coding tools . Unlike some tools on the market , Graphite lets customers define patterns unique to a codebase and dress up filters for sensitive selective information that might compromise a codebase ’s security .
“ tax revenue grew 20x in 2024 , and we ’ve scaled to serving tens of thousands of engineers at more than 500 company , let in Shopify , Snowflake , Figma , and Perplexity , ” Lutsky say . “ Combined with our revenue growth , this newfangled funding gives us many year of runway , a percipient path to lucrativeness , and the resources to invest aggressively in growth and AI . ”
To make its chopine even more attractive , Graphite has made its core code recapitulation declare oneself free for teams of all sizes . Previously , only groups of 10 or fewer could employ the company ’s tools at no charge .
With the latest round of funding , Graphite has raised around $ 81 million in venture capital to date . The 30 - person inauguration say that the fresh tranche will be put toward product growth and growing its NYC - based team .
