Blacksmith Software Inc. announced it raised $45 million to expand its continuous integration service for agent-generated code validation and cloud-based testing. The Series B was led by Peak XV Partners and values the company at $550 million. The company plans to use the funding to scale compute infrastructure as usage grows, with jobs up 5% to 10% week over week and more than 6,000 companies already using the service.
Blacksmith raised a new $45 million Series B as its AI code-testing platform reached more customers and expanded its tools beyond continuous integration workloads. The round valued the company at $550 million, up from a $60 million valuation at its $10 million Series A less than a year earlier. The funding and customer growth are enabling Blacksmith to hire and broaden its coding-tool suite to help developers write, validate, and merge software faster.
Lovable secured $400 million in Series C funding at a $13.3 billion valuation, led by Menlo Ventures and EQT’s Scaleup Europe Fund. The company reached $400 million in annual recurring revenue in February 2026. It will grow headcount toward about 450 employees this year and focus on deeper enterprise integrations, governance tools, and ongoing post-training of open-source models.
Cytix received $7M from Northern Gritstone to address risks in AI code. The funding round is for 7M. As a result, the company can pursue its pitch’s plan to reduce or manage those AI-coding risks.
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