Tessl, a London, UK-based open software development platform, has raised $125 million in funding.
Investors
The funding consists of a $100 million Series A led by Index Ventures, with participation from Accel, GV, and boldstart, in addition to an earlier $25 million Seed round led by boldstart and GV.
Index Ventures is a venture capital firm based in London, San Francisco, and Geneva, helping entrepreneurs turn bold ideas into global businesses. Founded in 1996, the firm seeks to invest in companies operating in AI, machine learning, business applications, data, entertainment, fintech, the future of work, healthcare, media, mobility, open source, retail, security, and talent sectors.
Tessl Use of Funds
The new funding will allow Tessl to expand its platform and accelerate hiring across AI research, engineering, product development, design, and developer relations.
About Tessl
Tessl is an open software development platform that reimagines how software is created in the AI era. Founded by Guy Podjarny, Tessl aims to transform the traditional coding process by introducing AI-native software development. The company opens the waitlist for its platform and will launch in early 2025. The company is headquartered in London.
Funding Details
Company: Tessl AI Limited
Raised: $125.0M
Rounds: Seed, Series A
Funding Date: November 2024
Lead Investors: Index Ventures, boldstart, GV
Additional Investors: Accel
Company Website: https://www.tessl.io/
Software Category: Software Development
Source: https://www.prweb.com/releases/tessl-raises-125m-to-build-ai-native-software-development-302305976.html