Blacksmith Valuation Soars to $550M as AI Coding Fuels Software Validation
Founded in 2024, Blacksmith, an AI code-testing startup, successfully secured $45 million in a Series B funding round led by Peak XV Partners, raising its valuation to $550 million, a significant increase from last year’s $60 million. The startup's total funding has now reached $58.5 million, with contributions from GV and Y Combinator. Blacksmith has grown its customer base to over 5,000, up from 700, serving clients such as Mercury and Expensify. Co-founder and CEO Aditya Jayaprakash highlighted the difficulties in validating AI-generated code. With a current workforce of about 30, the company achieved a $10 million annualized revenue run rate and competes with GitHub Actions and AWS, emphasizing speed and cost-effectiveness while aiming to broaden its coding tools.
Key facts
- Blacksmith raised $45 million in Series B funding led by Peak XV Partners.
- The round values Blacksmith at $550 million, up from $60 million.
- Total funding now stands at $58.5 million.
- Existing investors GV and Y Combinator participated in the round.
- Blacksmith was founded in 2024 and serves over 5,000 customers.
- Customers include Mercury, Supabase, Clerk, Ashby, and Expensify.
- CEO Aditya Jayaprakash says validating AI-generated code is a bottleneck.
- Blacksmith plans to expand into a broader suite of coding tools.
Entities
Artists
- Aditya Jayaprakash
Institutions
- Blacksmith
- Peak XV Partners
- GV
- Y Combinator
- Mercury
- Supabase
- Clerk
- Ashby
- Expensify
- Cursor
- OpenAI
- Anthropic
- GitHub Actions
- Amazon Web Services
- Microsoft Azure
- Google Cloud