Tabnine, a Tel Aviv, Israel-based company that has developed AI-powered assistants for developers, raised $25 million in Series B funding, bringing its total funding to $55 million.
SaaS Investors
The round was led by Telstra Ventures, with participation from new investors, including Atlassian Ventures and Elaia. Existing investors, such as Headline, Hetz Ventures, Khosla Ventures, Qualcomm Ventures, and TPY Capital, also participated in this funding round.
Founded in 2011, Telstra Ventures is a venture capital firm based in San Francisco, California, that prefers to invest in seed-stage, early-stage, and later-stage companies in the United States, Australia, and Mainland China. The firm seeks to invest in cloud, consumer, data, media & mobile, network, and security sectors.
Tabnine Use of Funds
The funding will be used to extend Tabnine’s mission to integrate generative AI into the end-to-end software development lifecycle (SDLC). Tabnine will also further build out its sales and global support teams to meet massive customer demand.
About Tabnine
Tabnine is an AI assistant that provides developers with AI-powered code completions and suggestions. The company focuses on integrating generative AI into the end-to-end software development lifecycle (SDLC) to enhance the software development process. It helps development teams of every size use AI to accelerate and improve the software development life cycle. Tabnine has been used by millions of developers around the world to boost code quality and developer happiness using generative AI technology.
Funding Details
Company: Tabnine, Ltd.
Raised: $25.0M
Round: Series B
Funding Month: November 2023
Lead Investors: Telstra Ventures
Additional Investors: Atlassian Ventures, Elaia, Headline, Hetz Ventures, Khosla Ventures, Qualcomm Ventures, and TPY Capital
Company Website: https://www.tabnine.com/
Software Category: Code-Generating AI Platform
Source: https://www.globenewswire.com/news-release/2023/11/08/2776490/0/en/UPDATE-Tabnine-Raises-25-Million-from-Atlassian-Ventures-Telstra-Ventures-and-More-to-Meet-Demand-for-Enterprise-Ready-Generative-AI-in-the-Software-Development-Lifecycle.html