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Poolside.ai Raising $400M at $2B Valuation in Paris AI Boom

To construct a supercharged coding co-pilot, Poolside is raising more than $400 million at a valuation of $2 billion. A new transaction that is now in the works might further solidify Paris's position as a key European center for artificial intelligence firms. Paris has quickly established itself as a significant center for AI startups.

Poolside.ai, a generative artificial intelligence business based in Paris that is developing tools to speed up software development, is currently in the midst of financing at least $400 million, according to sources who spoke with TechCrunch. The company is currently valued at $2 billion after the money has been raised.

According to our sources, Bain Capital Ventures (BCV) and DST are currently in discussions over the possibility of co-leading the investment. The company has already received funding from BCV, and DST is a new stakeholder in the business. The participation of Bain has been reported in the past, and PitchBook has mentioned that this round is anticipated to be worth $450 million.

When you take a step back and look at the wider picture, it may appear that the market for artificial intelligence startups has become extremely overheated and very rapidly. These firms are together raising several billions of dollars, and this number increases when you include companies such as Anthropic and OpenAI. Is it necessary for us to have yet another AI business that is a foundational player?