Total amount raised
$20 Millions
Latest funding date
Location
Graphite has successfully raised $52 million in a Series B funding round, with notable investors including Figma Ventures and The General Partnership. The platform is an AI-driven developer productivity tool designed to help teams on GitHub ship higher quality software faster.
Keep reading to explore the intricacies of Graphite's fundraising journey and the investors backing this innovative platform.
What Is Graphite?
Graphite, founded in 2020, is an AI-driven developer productivity platform based in New York, New York. The company focuses on helping teams on GitHub ship higher quality software faster through its open-source CLI and code review dashboard.
Founded by Greg Foster, Merrill Lutsky, and Tomas Reimers, Graphite offers a suite of tools designed to streamline the development workflow. These include actionable feedback on pull requests, suggested code changes, and automatic splitting of large PRs.
With a team of 11-50 employees, Graphite integrates seamlessly with existing tools like GitHub and Git, providing features such as stacked PRs, unified inboxes, and actionable Slack notifications to enhance productivity.
How Much Funding Has Graphite Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Hunter Walk
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Graphite's AI-driven developer productivity tools.
- Series A
- Amount Raised: $20M
- Date: May 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $52M
- Date: March 2025
- Lead Investors: Accel, Anthropic's Anthology Fund, Menlo Ventures, Shopify Ventures, Figma Ventures, Andreessen Horowitz, The General Partnership
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and grow the NYC-based team.
Total Amount Raised: $72M
Current Valuation: Not publicly disclosed
Key Investors
- Andreessen Horowitz
- Details: Andreessen Horowitz is a well-known venture capital firm based in Silicon Valley. They invest in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, software, consumer internet
- Notable Investments: Facebook, Airbnb, Slack
- Hunter Walk
- Details: Hunter Walk is a partner at Homebrew, a seed-stage venture fund. He has a background in consumer technology and enterprise software.
- Investment Focus Areas: Consumer technology, enterprise software, fintech
- Notable Investments: Chime, Plaid, Gusto
- Accel
- Details: Accel is a leading venture capital firm that invests in early-stage and growth-stage companies. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, software, internet companies
- Notable Investments: Facebook, Dropbox, Slack, Spotify
- Anthropic's Anthology Fund
- Details: Anthropic's Anthology Fund is associated with Anthropic, a company known for its work in AI. They focus on advancing AI and machine learning technologies.
- Investment Focus Areas: AI, machine learning technologies
- Notable Investments: Specific investments not detailed
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies. They have a diverse investment portfolio.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Uber, Roku, Warby Parker
What's Next for Graphite?
Graphite stands at the cusp of significant growth, driven by its AI-powered code review tools and new products like Diamond. With a user base of tens of thousands of engineers across over 500 companies, the platform is poised to capitalize on the increasing adoption of AI in software development. The recent $52 million Series B funding will fuel product development and team expansion in NYC, providing a clear path to profitability.
Future fundraising opportunities appear promising as Graphite continues to innovate and attract major investors. However, the company faces challenges such as intense competition from other AI coding assistants and ensuring the reliability and security of its tools. Maintaining rapid growth and effectively scaling the platform will be crucial for sustained success.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Graphite and gather other critical business insights.
Sign up for free and start making data-driven decisions today by visiting Clay's signup page.
