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Google Ventures doubles down on dev tool startup Blacksmith just 4 months afterits seed round
Google Ventures has increased its investment in Blacksmith, a developer tool startup, with a $10 million Series A funding round, just four months after a $3.5 million seed round. Blacksmith specializes in continuous integration and delivery, experiencing rapid growth with over 700 customers and $3.5 million in annual recurring revenue, aimed at revolutionizing the efficiency and cost of software shipping.
Key points
- Google Ventures doubled its investment in Blacksmith from an initial seed of $3.5 million to a $10 million Series A in just 14 days.
- The startup has grown its annual recurring revenue (ARR) from $1 million in February to $3.5 million now, with over 700 customers in four months.
- Blacksmith targets large companies with engineering teams of 500 or more.
- Their technology offers up to double processing speed and up to 75% lower compute costs using high-performance, gaming-grade CPUs.
- Blacksmith’s leadership team has a background in building large-scale distributed systems and aims to improve the continuous integration process by making it faster and cost-effective.
Why it matters
- The rapid growth of AI coding agents has increased demand for efficient software delivery solutions, aligning with trends toward automation in IT.
- In the ongoing shift toward DevOps methodologies, startups like Blacksmith are capitalizing on the need for more agile CI/CD solutions amidst rising software development complexities.
- In 2025, companies increasingly prioritize performance and cost-efficiency in cloud solutions and services, reflecting a broader trend towards bare-metal computing solutions.
Blacksmith's successful Series A funding highlights its innovative approach to continuous integration and delivery, leveraging advanced technology to cater to a growing market of software developers and companies, positioning itself strongly in the competitive landscape of IT services.