Codeium Is Valued at $500 Million in Kleiner-Led Financing (1)

Codeium, a startup that combines artificial intelligence and coding, has raised $65 million in another sign of investor enthusiasm for generative AI.

The Series B investment, which was led by Kleiner Perkins, values Codeium at $500 million, according to a statement confirming an earlier report by Bloomberg News. Existing investor Greenoaks and new backer General Catalyst also participated in the funding.

Mountain View, California-based Codeium works with clients such as Anduril Industries Inc. and Clearwater Analytics to help developer teams improve their productivity. Codeium’s toolkit helps write code to free up employees to work on more creative tasks, according to ...