AI company Poolside is seeking nearly $500 million at a $3 billion valuation

On September 13, sources familiar with the matter revealed that Poolside, a startup that develops software written in artificial intelligence, is in talks for a new round of financing, which will give it a valuation of $3 billion before the launch of its initial product.
The company will raise nearly $500 million, according to people familiar with the matter. Bain Capital Ventures, an existing investor in Poolside, is in talks to lead the round. Neither Poolside nor Bain Capital Ventures commented.
Poolside was founded in early 2023 by GitHub's former CTO Jason Warner and software entrepreneur Eiso Kant. The startup moved to France last year after securing a $126 million seed round. In addition, two other Parisian startups, Mistral AI and H, have also received significant funding to create generative artificial intelligence models.