Poolside closes $500 million Series B for AI software development
Bain Capital Ventures led the financing announced on 2 October 2024.
Poolside announced the final closing of a $500 million Series B on 2 October 2024. Bain Capital Ventures led the round.
Participants included DST Global, StepStone Group, Schroders Capital, Premji Invest, Dorsal Capital, BAM Elevate, Adams Street Partners, Fin Capital, NVIDIA, Citi Ventures, Capital One Ventures, HSBC Ventures, LG Technology Ventures, eBay Ventures, Felicis and Redpoint Ventures.
The company develops AI models and products for software engineering. Its models learn from feedback generated by running code and testing attempted solutions. Poolside said the financing supported a training cluster of 10,000 GPUs, further research and model training, and expansion of its enterprise business.
Use of funds
Scale GPU model training
Develop code execution feedback research
Expand enterprise go-to-market