Poolside is raising $500 million at a $3 billion valuation

According to TechFlow, people familiar with the matter revealed that Poolside, an artificial intelligence programming startup, is in talks for a new round of financing, with a target of about $500 million and a valuation of $3 billion. Existing investor Bain Capital Ventures is in talks to lead this round of investment. As of press time, neither Poolside nor Bain Capital Ventures has commented on the matter.

Poolside was founded in early 2023 by Jason Warner, former CTO of GitHub, and software entrepreneur Eiso Kant. The startup moved to France last year after raising $126 million in seed funding. In addition, two other Paris startups, Mistral AI and H, have also received significant funding to create generative AI models.