Blacksmith hits $1B valuation after Sequoia Series C

Blacksmith, a platform for building and testing software including AI-generated code, raised a $66 million Series C led by Sequoia, reaching a $1 billion valuation. The round comes just two months after its $45 million Series B, which valued the company at $550 million. A year ago, Blacksmith was valued at $60 million. The company reports 17x annual recurring revenue growth and over 90 million CI jobs run. CEO Aditya Jayaprakash said the platform addresses growing demand for continuous integration as AI writes more code. Total funding stands at $125 million.