ChainCatcher reports that software build and testing platform Blacksmith has announced the completion of a $66 million Series C round led by Sequoia Capital, achieving a $1 billion valuation and officially becoming a unicorn. The company specializes in continuous integration (CI) and AI-generated code validation, with annual recurring revenue growing 17-fold and over 90 million automated code checks executed to date. Two months ago, the company completed a $45 million Series B round at a $550 million valuation, bringing its total funding to $125 million.
Blacksmith Completes $66M Series C Funding at $1B Valuation
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Summary
Project funding update: Blacksmith has closed a $66 million Series C round led by Sequoia Capital, valuing the company at $1 billion. The on-chain news platform specializes in CI and AI-powered code validation, with annual recurring revenue increasing 17-fold and 90 million automated checks completed. The company previously raised $45 million in a Series B round at a $550 million valuation, bringing total funding to $125 million.
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