Blacksmith Raises $66M Series C Led by Sequoia at $1B Valuation

Blacksmith, a platform for building and testing software including AI-generated code, announced Wednesday a $66 million Series C funding round led by Sequoia that values the company at $1 billion. Co-founder and CEO Aditya Jayaprakash said the company was founded to make continuous integration — building, testing, merging and validating code changes — "less painful," noting most companies struggle to keep up with required CI volume as more code is written by AI. Blacksmith said annual recurring revenue has grown 17x and it has run more than 90 million CI jobs. Customers include Mercury and Granola. The round follows a $45 million Series B two months ago at a $550 million valuation; a year ago the company was valued at $60 million after a $10 million Series A. It has raised $125 million to date.