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Hey followers! Today, let’s dive into an exciting story about Greptile, a startup shaking up code reviews with AI.
Greptile, an innovative company using AI to review code, is in negotiations for a Series A funding round. Sources reveal that the deal is for $30 million, valuing the company at $180 million, led by Benchmark. However, the final terms are still uncertain as the deal hasn’t closed yet.
Dasksh Gupta, a Georgia Tech grad, launched Greptile in 2023. After participating in Y Combinator’s winter 2024 batch, the startup secured a $4 million seed round from Initialized Capital. Gupta describes their AI bot as a seasoned coworker that thoroughly understands customer code, identifying bugs that might slip past human reviewers.
In a highly competitive AI coding space, Greptile faces rivals like Graphite, which raised $52 million earlier this year, and Coderabbit, which secured $16 million. This fierce competition pushes Greptile’s team to work very long hours, with some employees reportedly working from 9 am to 11 pm, including weekends.
Gupta shared on social media that the company’s culture is intense, emphasizing that to outperform peers, every team member must give maximum effort. Attracting top VC backing like Benchmark’s could be a crucial step in their journey through the startup world.
