Greptile, an AI-powered code review startup, is raising a Series A.
According to sources acquainted with the transaction, it is valued at $180 million and $30 million. Benchmark partner Eric Vishria is the lead investor. However, one individual asserts that the agreement has not yet been finalized and that the terms may be altered.
The startup was founded after Dasksh Gupta graduated from Georgia Tech in 2023. It completed the Y Combinator winter 2024 cohort and raised a $4 million seed round sponsored by Initialized Capital.
Last year, Gupta shared with TechCrunch that the algorithm his company created functions as an experienced colleague, possessing a profound comprehension of the customer’s code. This understanding allows the bot to identify potential issues and bugs that human reviewers may overlook.
The code review space is highly competitive, as with most AI-related fields.
Greptile’s most significant competitor is Graphite, a startup that raised a $52 million Series B earlier this year. The round was led by Accel, with participation from Anthropic’s Anthology Fund, Menlo Ventures, a16z, and other investors. Coderabbit is another significant competitor that received a $16 million Series A investment from CRV last year.
Due to the intense competition, Greptile’s employees are mandated to work exceedingly long hours.
In November, the 22-year-old Gupta stated on X that Greptile “does not provide a work-life balance.” He wrote that employees typically work from 9 a.m. to 11 p.m., including Saturdays and occasionally Sundays.
After the post went viral, Gupta informed numerous news outlets that each team member must exert maximum effort to surpass the competition.
“The third-best company, or even the second-best company in any software category, is of no interest to anyone.” In an interview with Inc., Gupta stated, “If you are going to put in 95 percent effort, it is the equivalent of putting in 0 percent effort.”
Attracting an A-list VC such as Benchmark at a healthy Series A valuation, regardless of the work culture, could also benefit Greptile’s voyage.
Greptile and Benchmark did not respond to a request for comment.
