Total amount raised
$57.1 Million
Latest funding date
11/1/2023
Location
Tabnine has successfully raised funds over 8 rounds, with the latest being a Series B round involving 8 investors. The company is backed by 12 investors, including TPY Capital and Headline.
Keep reading to explore the intricacies of Tabnine's fundraising journey and the investors backing this innovative AI coding assistant platform.
What Is Tabnine?
Tabnine is an AI coding assistant that accelerates and simplifies the software development process without sacrificing privacy and security. The company operates in various industries, including Artificial Intelligence, Developer Tools, Generative AI, SaaS, Search Engine, and Software.
Founded in Tel Aviv, Israel, Tabnine has an employee count ranging from 51 to 100. The platform integrates with developers' IDEs to provide intelligent code suggestions, supporting multiple AI models and various deployment environments, including SaaS, VPC, on-prem, or fully air-gapped.
How Much Funding Has Tabnine Raised?
- Seed Round
- Amount Raised: USD 550,000
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI coding assistant platform.
- 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 continue product development and early market testing.
- Seed Round
- Amount Raised: USD 2,000,000
- Date: June 2017
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Seed Round
- Amount Raised: USD 2,000,000
- Date: April 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the AI models and improve the platform's capabilities.
- Series A
- Amount Raised: USD 12,000,000
- Date: April 2020
- Lead Investors: Headline
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform 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 develop the platform and integrate new AI models.
- Series Unknown
- Amount Raised: USD 15,500,000
- Date: June 2022
- Lead Investors: Qualcomm Ventures, OurCrowd, Samsung NEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate platform development and support additional AI models and programming languages.
- Series B
- Amount Raised: USD 25,000,000
- 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: USD 57,050,000. Current Valuation: Not publicly disclosed.
Key Investors
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on innovative startups. They have a global presence and invest in companies that align with Qualcomm's strategic interests.
- Investment Focus Areas: AI, IoT, mobile technology, automotive
- Notable Investments: Zoom, Waze, Fitbit
- OurCrowd
- Details: OurCrowd is a global venture investing platform that allows accredited investors to invest in pre-vetted startups. They have a diverse portfolio and focus on high-growth sectors.
- Investment Focus Areas: AI, healthcare, cybersecurity, mobility
- Notable Investments: Beyond Meat, Lemonade, Jump Bikes
- Samsung NEXT Ventures
- Details: Samsung NEXT Ventures is the venture capital arm of Samsung, investing in early-stage startups. They focus on technologies that can complement Samsung's product ecosystem.
- Investment Focus Areas: AI, IoT, VR/AR, blockchain
- Notable Investments: LiquidSky, Converge, Branch
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm founded by Vinod Khosla, focusing on transformative technologies. They invest in a wide range of sectors, from healthcare to clean energy.
- Investment Focus Areas: AI, healthcare, robotics, sustainability
- Notable Investments: DoorDash, Square, Impossible Foods
- Headline Ventures
- Details: Headline Ventures, formerly known as e.ventures, is a global venture capital firm. They invest in technology-driven companies across various stages.
- Investment Focus Areas: Consumer internet, enterprise software, fintech
- Notable Investments: Bumble, Farfetch, Sonos
What's Next for Tabnine?
Tabnine stands at the cusp of significant growth, driven by the increasing adoption of AI in software development. With over a million developers already using its platform, the company has a substantial opportunity to expand its user base and enhance its AI capabilities. The potential for custom AI models tailored to specific organizational needs and the integration with more IDEs further broadens its market reach.
Future fundraising opportunities appear promising as Tabnine continues to innovate and scale its operations. The recent $15.5 million funding round underscores investor confidence, suggesting that additional investments could be on the horizon to support further development and market penetration.
However, Tabnine faces challenges such as intense competition from established players like GitHub's Copilot and the need to maintain the accuracy and reliability of its AI-generated code completions. Balancing rapid innovation with practical developer needs will be crucial as the company navigates its path forward.
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