Benchmark Eyes $180M Valuation for Greptile in Series A Funding Round
📷 Image source: techcrunch.com
Venture capital firm Benchmark is in advanced discussions to lead a Series A funding round for Greptile, an AI-powered code review startup, at a valuation of $180 million, according to sources familiar with the matter. The investment would mark a significant milestone for Greptile, which has gained traction among developers for its automated code analysis platform designed to streamline software development workflows.
Greptile’s technology leverages machine learning to identify bugs, security vulnerabilities, and performance inefficiencies in code, reducing the need for manual reviews. The company has reportedly seen rapid adoption since its launch, particularly among mid-sized tech firms looking to optimize engineering productivity.
If finalized, Benchmark’s investment would position Greptile to expand its engineering team and accelerate product development. The deal also underscores growing investor interest in AI-driven developer tools, as venture capital continues to flow into startups that enhance software development efficiency.
Industry analysts note that the AI code review space is becoming increasingly competitive, with rivals like DeepCode and Snyk also securing substantial funding. However, Greptile’s focus on seamless integration with existing developer environments may give it an edge in attracting enterprise customers.
Neither Benchmark nor Greptile has publicly commented on the funding talks, but an announcement is expected in the coming weeks.
