Benchmark in Talks to Lead Greptile's $30M Series A
Summary
- Greptile, an AI code review startup, is in talks for a $30 million Series A funding round.
- Benchmark is reportedly in discussions to lead the round, with a $180 million valuation.
- Eric Vishria from Benchmark is a potential lead investor.
- The deal is not yet closed and terms may change.
- Greptile, founded in 2023, previously raised $4 million in seed funding.
Overall Sentiment: ⚪ Neutral
AI Explanation
Venture capital firm Benchmark is reportedly in discussions to lead Greptile's Series A funding round. Greptile, an AI startup focused on code review, is seeking to raise $30 million at a valuation of $180 million. Benchmark partner Eric Vishria is mentioned as a potential lead for the investment. However, it's noted that the deal is not yet finalized and terms could potentially change. Greptile, founded by Dasksh Gupta, is an alumnus of Georgia Tech and participated in the Y Combinator Winter 2024 cohort. They previously secured $4 million in seed funding led by Initialized Capital. The company's AI aims to function like an experienced colleague, identifying bugs and code issues with a deep understanding of the codebase.
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