Following Premji’s Investment, Poolside Secures $500 Million in New Funding

In July 2024, the AI landscape shifted dramatically when visionary billionaire Azim Premji, invested $50 million in Poolside, a San Francisco-based AI startup poised to disrupt the software development industry. This investment not only solidified Premji's faith in Poolside's potential but also coincided with the company’s remarkable achievement of raising $500 million in a Series B funding round, led by Bain Capital Ventures. Poolside has seen a meteoric rise since its founding in April 2023 by Jason Warner, the former CTO of GitHub, and Eiso Kant, the founder of AI-for-code company source{d}. With this latest influx of cash, the company has now secured a staggering $626 million in total funding, propelling its valuation to $3 billion. This significant milestone underlines the growin