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Anthropic-backed AI-powered code review platform Graphite raises cash
Graphite, an AI-powered code review platform, raised $52 million in a Series B funding round led by Accel, backed by Anthropic among others. Founded in 2020, Graphite uses AI to provide code feedback, suggesting changes and summarizing code. Revenue grew 20x in 2024, serving thousands of engineers. The funding will support product development and team expansion, with the core offering now free for teams of all sizes.
Key points
- Graphite raised $52 million in Series B funding led by Accel.
- Major participation from Anthropic and notable VCs like Menlo Ventures and Andreessen Horowitz.
- Founded in 2020 by Tomas Reimers, Greg Foster, and Merrill Lutsky, with a background in tech firms like Facebook and Airbnb.
- Initially focused on mobile development, it pivoted to AI-driven code review, addressing pain points in coding.
- Provides AI-generated code feedback, suggests changes, summarizes code, and offers potential fixes.
- Revenue increased 20x in 2024, serving over 500 companies, including major players like Shopify and Snowflake.
- The free offering is now available to all team sizes, enhancing accessibility.
- Future product 'Diamond' targets automatic bug catching, being spun out as a standalone tool.
Why it matters
- The rise of AI coding assistants reflects broader trends in tech where automation is increasingly utilized in software development.
- Similar to trends observed in 2025 where AI tools are becoming standard in coding workflows.
- Competitors include GitHub Copilot and newer startups, highlighting escalating investments in AI-driven tech for developers.
- Concerns about AI reliability are echoed in industry discussions seeking to establish secure practices around assistive coding tools.
Graphite's successful funding round underscores the growing demand for AI-driven coding solutions, positioning it to expand and innovate amidst increasing competition in the tech landscape.