Total amount raised
$57.1 Millions
Latest funding date
11/1/2023
Location
Tabnine has successfully raised significant funding over multiple rounds, with notable investors including TPY Capital and Headline. The platform is an AI coding assistant designed to accelerate and simplify the software development process while maintaining privacy and security.
Keep reading to explore the intricacies of Tabnine's fundraising journey and the investors backing this innovative platform.
What Is Tabnine?
Founded in 2013, Tabnine is an AI coding assistant based in Tel Aviv, Israel. The company was established by Dror Weiss and Eran Yahav.
Tabnine aims to accelerate and simplify the software development process while ensuring privacy and security. The platform is designed to assist development teams of all sizes.
Currently, Tabnine employs between 51 and 100 people, contributing to its mission of enhancing coding efficiency through artificial intelligence.
How Much Funding Has Tabnine Raised?
- Seed Round
- Amount Raised: $550K
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core AI technology and establish the company.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the AI assistant and expand the team.
- Seed Round
- Amount Raised: $2M
- Date: June 2017
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the AI capabilities and prepare for market entry.
- Seed Round
- Amount Raised: $2M
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase user adoption.
- Series A
- Amount Raised: $12M
- Date: April 2020
- Lead Investors: Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series B
- Amount Raised: Not publicly disclosed
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance AI models and support additional programming languages.
- Venture Round
- Amount Raised: $15.5M
- Date: June 2022
- Lead Investors: OurCrowd, Qualcomm Ventures, Samsung NEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of additional AI models and support more programming languages.
- Series B
- Amount Raised: $25M
- Date: November 2023
- Lead Investors: Titanium Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market penetration.
Total Amount Raised: $57.05M. Current Valuation: Not publicly disclosed.
Key Investors
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on early to late-stage investments in technology companies. They aim to support innovative startups that align with Qualcomm's strategic interests.
- Investment Focus Areas: Technology, AI, IoT, mobile.
- Notable Investments: Zoom, Waze, Fitbit.
- OurCrowd
- Details: OurCrowd is a global venture investing platform that allows accredited investors to invest in pre-vetted startups and venture funds. They have a diverse portfolio across multiple sectors.
- Investment Focus Areas: Technology, healthcare, AI.
- Notable Investments: Beyond Meat, Lemonade, Jump Bikes.
- Samsung NEXT Ventures
- Details: Samsung NEXT Ventures is the venture capital arm of Samsung, focusing on early-stage investments in software and services. They aim to foster innovation in emerging technologies.
- Investment Focus Areas: AI, IoT, digital health.
- Notable Investments: LiquidSky, Converge, Branch.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. They are known for their focus on impactful innovations.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: DoorDash, Square, Impossible Foods.
- Headline Ventures
- Details: Headline Ventures is a global venture capital firm that invests in early-stage and growth-stage companies. They focus on technology and consumer products.
- Investment Focus Areas: Technology, consumer products.
- Notable Investments: Bumble, Sonos, Farfetch.
What's Next for Tabnine?
Tabnine stands at the cusp of significant growth opportunities. With over 1 million developers already leveraging its AI-powered coding assistant, the platform is poised to expand its AI models to support more programming languages and custom AI model training for specific code repositories. This expansion could capture a larger share of the global developer market, enhancing productivity and reducing the need for code searches.
Future fundraising appears promising, given the strong backing from major investors like Qualcomm Ventures and OurCrowd. These funds will likely be used to further develop the platform and expand market reach. However, challenges such as competition from established players like GitHub’s AI platform and ensuring the accuracy of AI-generated code remain. Balancing innovation with user privacy and data security will be crucial as Tabnine scales.
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