Blacksmith hits unicorn valuation after Sequoia leads Series C
The company says annual recurring revenue grew 17x and it has run over 90 million CI jobs, with Mercury and Granola among customers.
Blacksmith announced on October 21 a 66 million dollar Series C led by Sequoia at a one-billion-dollar valuation. Blacksmith is a platform that helps companies build and test software more efficiently, including AI-written code. Co-founder and CEO Aditya Jayaprakash said most companies struggle to keep up with the volume of continuous integration needed. The company reported 17x annual recurring revenue growth and over 90 million CI jobs run, with Mercury and Granola as customers. The round comes two months after a 45 million dollar Series B at a 550 million dollar valuation; the company has raised 125 million dollars in total.