Kite, a San Francisco-based AI company which uses machine learning algorithms to help programmers suggest them code snippet in real time has secured a fresh $10 million in Series A round investment. Early stage venture firm Trinity Ventures led the latest financing for Kite which saw individual capacity investment in the company from Github CEO Nat Friedman.
While a number of platforms are saying that the company secured $17 million in the round, Kite confirmed that the round was worth $10 million only and it has eventually taken the total amount raised by the firm to $17 million. PayPal founder Max Levchin, Automattic founder Matt Mullenweg, Palantir founder Joe Lonsdale, Dropbox founder Drew Houston, Cruise Automation co-founder Kyle Vogt, Gusto co-founder Joshua Reeves, and Twitch.tv founder Emmett Shear are the other notable names of the company. The firm plans to utilize the latest financing to build a team of engineers. Along with that, Kite wants to cater to multiple programming languages and not just Python going forward.
Adam Smith had started the company in 2014 as a platform which will help Python programmers by offering “artificial pair programmer" feature. The platform will detect the simplest of error and then suggest a code snippet through prompts. It uses machine learning algorithms to figure out the possible working snippet on Github.
Smith, the CEO of the firm commenting about the company said, “Our mission is to bring the latest advancements in AI and machine learning to make writing code fluid, effortless and more enjoyable. Developers using Kite can focus their productive energy towards solving the next big technical challenges, instead of searching the web for code examples illustrating mundane and frequently repeated code patterns.”
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