AI code-testing startup Blacksmith’s valuation jumps almost 10x in less than a year

As AI makes coding dramatically faster, the next big challenge in software development is testing and validating all that code. Blacksmith has raised a new $45 million round to capitalize on that shift.

The Series B, led by Peak XV Partners, values Blacksmith at $550 million, up from the $60 million valuation it was assigned when it raised a $10 million Series A less than a year ago. Existing investors GV and Y Combinator also participated, bringing the startup’s total funding to $58.5 million.