Total amount raised
$243 Million
Latest funding date
8/1/2024
Location
Codeium has successfully raised funding over 4 rounds, with the latest being a Series C round led by General Catalyst. The company was backed by a total of 10 investors, including notable names like Kleiner Perkins and General Catalyst.
What Is Codeium?
Codeium, based in Mountain View, California, operates in the fields of Artificial Intelligence, Enterprise Applications, Information Technology, Machine Learning, and Software. The company provides an AI coding assistant and an integrated development environment for developers.
With a workforce of 101-250 employees, Codeium was a private company with Series C funding status until Cognition acquired it in July 2025. The platform is designed to enhance developer productivity through features like code memory, lint fixing, and terminal command access.
How Much Funding Has Codeium Raised?
- Seed Round
- Amount Raised: USD 3,000,000
- Date: January 2021
- Lead Investors: Greenoaks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI coding assistant and integrated development environment.
- Series A
- Amount Raised: USD 25,000,000
- Date: April 2022
- Lead Investors: Greenoaks
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: USD 65,000,000
- Date: January 2024
- Lead Investors: Kleiner Perkins
- Valuation at Round: USD 500,000,000
- Motivation Behind the Round: To support initial growth and development efforts.
- Series C
- Amount Raised: USD 150,000,000
- Date: August 2024
- Lead Investors: General Catalyst
- Valuation at Round: USD 1,250,000,000
- Motivation Behind the Round: To accelerate the development of new features and products, increase company headcount, and invest heavily in research and development.
Total Amount Raised: USD 243,000,000. Current Valuation: USD 1,250,000,000 (August 2024 Series C).
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures for entrepreneurs, investors, people, and society. They support founders with a long-term view who challenge the status quo, partnering with them from seed to growth stage and beyond.
- Investment Focus Areas: Technology, Healthcare, Consumer products
- Notable Investments: Airbnb, Stripe, Snap
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm known for backing innovative technology companies. They have a long history of investing in companies that have become industry leaders.
- Investment Focus Areas: Technology, Life sciences, Sustainability
- Notable Investments: Google, Amazon, Twitter
- Greenoaks
- Details: Greenoaks is a global investment firm focused on technology companies. They aim to partner with companies that have the potential to become market leaders.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Robinhood, Discord, Brex
What's Next for Codeium?
Cognition, the developer of the AI software engineer Devin, acquired Codeium, by then operating as Windsurf, in July 2025.
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