Poolside Secures $500M Series B

Poolside, a San Francisco-based company developing advanced AI solutions for software development, has successfully closed a massive $500M Series B funding round. This funding will drive the company's expansion, enhance its cutting-edge AI models, and accelerate the adoption of its innovative tools for developers.

• Funding Overview: Bain Capital Ventures led the initial funding, with major enterprises like NVIDIA and Citi Ventures joining the final phase.

• Strategic Expansion: Poolside added 10,000 NVIDIA GPUs and will use the funds to accelerate market growth and expand its research and engineering teams.

• Innovative AI Model: The company’s RLCEF model offers a secure AI solution that adapts to real-time user interactions in software development.

• First Product Launch: Poolside will introduce an AI-powered code assistant to speed up development for companies worldwide.

With $500M in backing, Poolside is set to redefine software development through advanced AI, making coding smarter and faster for developers.