Monday, January 20

Tag: seed round

Tessl raises $125M at $500M+ valuation to build AI that writes and maintains code

Tessl raises $125M at $500M+ valuation to build AI that writes and maintains code

Technology
Many startups and larger tech companies have taken a crack at building artificial intelligence to code software. Now, another new player is coming out of the shadows to throw its hat into the ring, with a mission to fix the many problems that will arise when humans and all those AIs are all writing code together. Tessl is building what it describes as an “AI native” platform that developers and their teams can use to create and maintain software, and on Thursday it opened up a waitlist for those interested in trying it out.  We say “is building” for a good reason: Tessl’s product has yet to launch, and the plan is to have it ready early next year. But the London-based startup is now sharing a bit more about what it’s doing with some financial fanfare: Tessl has quietly raised $125...