Tessl, a London-based startup, is developing an "AI native" platform to aid developers in creating and maintaining software. Although the product has yet to launch, it's set for release early next year. Tessl has raised $125 million through a seed round and Series A, with a post-money valuation of $750 million. Index Ventures led the latest funding, with Accel, GV, and Boldstart also participating. Tessl's CEO, Guy Podjarny, previously founded Snyk, a successful cybersecurity firm. Podjarny's idea for Tessl emerged from his work at Snyk, where he noticed issues with the growing amount of AI-generated code.
Tessl aims to simplify code development and maintenance by aligning it smoothly, akin to "tessellation. " While Podjarny hasn't specified the exact applications Tessl will target, the platform will start with simpler software and support languages such as Java, JavaScript, and Python, expanding over time. Tessl operates by allowing teams to submit specifications, which Tessl then turns into code. This code can be tested and adjusted as needed. Tessl will identify and fix potential issues to maintain the specified code. The platform is designed to be flexible, potentially working with other AI coding assistants and not confined to a "walled garden. " Investors are drawn to Tessl's versatility and the emphasis on maintaining code, which is currently a significant focus in the tech industry. This positions Tessl both as a competitor and a complementary solution alongside platforms like GitHub's Copilot, OpenAI, and others.
Tessl Secures $125M Funding to Revolutionize AI Software Development
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