Benchmark in talks to guide Sequence 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 conversant in the deal inform TechCrunch it’s for $30 million at a $180 million valuation led by Benchmark associate 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 TechCrunch final yr that the bot his firm developed acts as an skilled coworker, possessing a deep understanding of the shopper’s code, which permits 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 outstanding rivals embrace 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 extraordinary 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 “affords no work-life-balance.” Workers sometimes work from 9 am till 11 pm, together with Saturdays, and generally Sundays, he wrote.

After the put up went viral, Gupta informed a number of information shops that outperforming the competitors calls for most effort from each staff member. “Nobody cares concerning the third-best firm, and even the second-best firm in any class in software program. Should you’re going to place in 95 p.c effort, it’s the equal of placing in 0 p.c effort,” Gupta stated in an interview with Inc.

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

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