Blacksmith Raises $66 Million at $1 Billion Valuation
Blacksmith raised $66 million in a Series C round led by Sequoia Capital, giving the company a $1 billion valuation, TechCrunch reports. The financing comes two months after Blacksmith raised $45 million at a $550 million valuation.
Blacksmith provides a continuous integration platform for building, testing and validating software, including code produced by AI. The company said its annual recurring revenue has increased by a factor of 17 and its platform has processed more than 90 million continuous integration jobs.
The latest round brings Blacksmith's total funding to $125 million. The company was valued at $60 million after raising a $10 million Series A about a year ago.
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