Codeium, the maker of a well-liked AI coding assistant instrument Windsurf, is in talks to be acquired by OpenAI for about $3 billion, Bloomberg reported.
If the deal occurs, it will put OpenAI in direct competitors with numerous different AI coding assistant suppliers, together with Anysphere, the maker of Cursor, which OpenAI backed from its OpenAI Startup Fund.
The acquisition may jeopardize the credibility of the OpenAI Startup Fund, provided that it’s one in all Cursor’s largest buyers, mentioned an individual accustomed to Cursor’s captable. It’s not clear whether or not OpenAI approached Cursor about an acquisition.
Along with what sources informed Bloomberg, there are just a few extra clues that one thing is occurring between the 2 firms. A few days in the past, Windsurf customers acquired an e-mail that mentioned that due to an announcement later this week, they’ve the choice to lock in entry to the coding editor at $10 a month.
And OpenAI chief product officer Kevin Weil additionally launched a video yesterday praising Windsurf’s capabilities.
Codeium has been in talks to boost recent funds at a $2.85 billion valuation led by Kleiner Perkins, TechCrunch reported in February. The corporate has reached about $40 million in annualized recurring income (ARR), in accordance with our reporting. That income run price is far decrease than Cursor’s, which reportedly makes $200 million on an ARR foundation. Cursor has been in talks to boost capital at about $10 billion valuation, Bloomberg reported final month.
Since its founding in 2021 by Varun Mohan and his childhood pal and fellow MIT grad, Douglas Chen, Codeium has beforehand raised $243 million from buyers together with Greenoaks Capital and Basic Catalyst, in accordance with PitchBook knowledge.
Extra reporting by Sarah Perez
