GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation | TechCrunch
Briefly

Codeium is reshaping coding assistance by developing an advanced AI platform that reduces the manual effort needed for coding, distinguishing itself from competitors.
Even though we've barely made a dent in our existing funding, we believe that this injection of capital will allow us to significantly ramp up R&D and growth.
Despite the influx of generative AI tools, developers are still struggling with time-consuming coding tasks. Codeium's AI coding assistance cuts down on that effort.
Codeium's transformation from Exafunction to focusing on generative coding reflects the founders' vision of meeting the evolving needs of developers amid a saturated market.
Read at TechCrunch
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