Exclusive: Benchmark backs AI-code assessment startup Greptile, valued at $180M, sources say

Uncover insights within the DeFi house. This article dives into: “Exclusive: Benchmark backs AI-code review startup Greptile, valued at $180M, sources say”.

Greptile, an AI-powered code assessment startup, is within the technique of elevating a Series A. Sources aware of the deal inform TechCrunch it’s for $30 million at a $180 million valuation led by Benchmark accomplice Eric Vishria. But one particular person says that the deal hasn’t closed and phrases might change.

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

Gupta instructed TechCrunch final 12 months that the bot his firm developed acts as an skilled coworker, possessing a deep understanding of the shopper’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 assessment house could be very aggressive.

Greptile’s most distinguished rivals embrace Graphite, a startup that earlier this 12 months raised a $52 million Series B led by Accel with participation from Anthropic’s Anthology Fund with Menlo Ventures, a16z, and others. Another key competitor is Coderabbit, which final 12 months secured a $16 million Series A from CRV.

The intense competitors has pushed Greptile to require its workers to work exceptionally lengthy hours.

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

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After the submit went viral, Gupta instructed a number of information shops that outperforming the competitors calls for most effort from each staff member. “No one cares about the third-best company, or even the second-best company in any category in software. If you’re going to put in 95 percent effort, it’s the equivalent of putting in 0 percent effort,” Gupta stated in an interview with Inc.

Whatever the work tradition, attracting an A-list VC like Benchmark at a wholesome Series A valuation, is also useful in Greptile’s journey.

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

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