According to Bloomberg, Codeium, the maker of the popular AI coding assistant tool Windsurf, is in talks to be acquired by Openai for around $3 billion.
If a transaction occurs, you will be directly competing with many other AI coding assistant providers, including Anysphere, the manufacturer of Cursors that Openai supported by the Openai Startup Fund.
Those familiar with Cursor’s prisoners could risk the reliability of the Openai Startup Fund, given that the acquisition is one of Cursor’s biggest investors. It is not clear whether Openai has approached the cursor about the acquisition.
In addition to what sources told Bloomberg, there are some clues that something is going on between the two companies. A few days ago, Windsurf users received an email saying they had the option to lock access to the coding editor for $10 a month, as announced later this week.
Openai’s Chief Product Officer Kevin Weil also released a video yesterday celebrating Windsurf’s capabilities.
Codeium is in talks to raise new funds at a $2.85 billion valuation led by Kleiner Perkins, TechCrunch reported in February. Our report shows that the company has reached approximately $40 million in annual repeat revenue (ARR). Its revenue execution rate is much lower than the cursor, and is reportedly making $200 million on an ARR basis. Bloomberg reported last month that Cursor is in discussions to raise capital at a valuation of around $10 billion.
Douglas Chen has previously raised $243 million since Douglas Chen was founded by Douglas Chen by Varun Mohan and his childhood friend and fellow MIT alumnus Douglas Chen, according to Pitchbook Data.
Additional Reports by Saraperez