Benchmark in talks to lead Series A for Greptile, valuing AI-code reviewer at $180M, sources say

Greptile, an AI-powered code evaluation startup, is within the technique of elevating a Sequence A. Sources acquainted with the deal inform iinfoai it’s for $30 million at a $180 million valuation led by Benchmark companion Eric Vishria. However one individual says that the deal hasn’t closed and phrases could change.

Based by Dasksh Gupta after he graduated from Georgia Tech in 2023, the startup went by Y Combinator within the winter of 2024 cohort, and raised a $4 million seed spherical led by Initialized Capital after finishing its program.

Gupta informed iinfoai final yr that the bot his firm developed acts as an skilled coworker, possessing a deep understanding of the client’s code, which allows it to pinpoint bugs and different potential points that human reviewers would possibly miss.

As with most areas of AI, the code evaluation area may be very aggressive.

Greptile’s most distinguished rivals embody Graphite, a startup that earlier this yr raised a $52 million Sequence B led by Accel with participation from Anthropic’s Anthology Fund with Menlo Ventures, a16z, and others. One other key competitor is Coderabbit, which final yr secured a $16 million Sequence A from CRV.

The extreme competitors has pushed Greptile to require its employees to work exceptionally lengthy hours.

The then 22-year-old Gupta posted on X in November that Greptile “gives no work-life-balance.” Workers sometimes work from 9 am till 11 pm, together with Saturdays, and typically Sundays, he wrote.

After the publish went viral, Gupta informed a number of information retailers that outperforming the competitors calls for most effort from each workforce member. “Nobody cares concerning the third-best firm, and even the second-best firm in any class in software program. In case you’re going to place in 95 % effort, it’s the equal of placing in 0 % effort,” Gupta mentioned in an interview with Inc.

Regardless of the work tradition, attracting an A-list VC like Benchmark at a wholesome Sequence A valuation, may be useful in Greptile’s journey.

Greptile and Benchmark didn’t reply to a request for remark.