Blacksmith, a startup focused on software testing and validation, has reached a $550 million valuation following a new funding round.
Key facts
- •The Series B round included participation from existing investors GV and Y Combinator.
- •Blacksmith's valuation rose from $60 million to $550 million in less than a year.
- •Some of the company's largest customers now spend over $1 million annually on the platform.
- •The startup plans to expand its suite of tools to assist developers in writing, validating, and merging software.
Blacksmith, a startup that helps companies build and verify software, has raised $45 million in a Series B funding round led by Peak XV Partners. The investment brings the company's total funding to $58.5 million and values the startup at $550 million, a significant increase from its $60 million valuation less than a year ago.
By the numbers
Rapid Growth and Customer Base
Founded in 2024, Blacksmith has expanded its customer base from over 700 to more than 5,000 in less than a year. Its clients include companies such as Mercury, Supabase, Clerk, Ashby, and Expensify. CEO Aditya Jayaprakash noted that the company has grown its workforce from 10 to approximately 30 employees while increasing revenue to tens of millions of dollars.
Platform Capabilities and Market Competition
Blacksmith originally launched as a cloud provider for continuous integration workloads to help validate code. The company has since introduced Codesmith, an AI agent designed to automatically fix failed code checks. The startup faces competition from major providers including GitHub Actions, Amazon Web Services, Microsoft Azure, and Google Cloud, as well as various AI-focused coding tools.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
