AI Text-to-Code Startup in Talks for $700 Million Valuation (1)

StackBlitz Inc., the maker of developer tool Bolt.new, is finalizing talks to raise money from investors at a $700 million valuation, its chief executive officer said — the latest deal for an artificial intelligence startup promising to change computer programming and coding.

The company is set to raise $83.5 million in a deal led by Emergence Capital and GV, formerly Google Ventures, said CEO Eric Simons. Madrona Venture Group, Conviction and Mantis are also participating.

The startup earlier raised a $22 million Series A round from investors, Simons said, a deal that hadn’t been previously reported. ...