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Fortune
Fortune
Technology
Beatrice Nolan

Exclusive: AI code-testing startup Blacksmith hits $1 billion valuation as AI-written code surges

Blacksmith founders (Credit: Courtesy of Sequoia Capital/Blacksmith)

Blacksmith, a startup that runs the infrastructure companies use to test code before it ships, has been valued at $1 billion following a new $66 million funding round led by Sequoia Capital.

The round, which is Blacksmith’s Series C, comes about two months after the company raised a $45 million Series B led by Peak XV Partners at a $550 million valuation. It brings Blacksmith’s total funding to about $124.5 million.

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