Tabnine Team
Tabnine, an Israeli startup that created the industry’s first AI-powered assistant for developers, raised $25 million in its latest financing round, led by Telstra Ventures and with participation from new investor Atlassian. The company said that it will the funds deliver “ever more capable and efficient AI-powered products to accelerate and simplify the work of developers and engineering teams in a secure, private, compliant, and ethical way.”
Founded in 2017 by Dror Weiss (CEO) and Eran Yahav (CTO), Tabnine calls itself the pioneer in AI-powered software development, making developers and teams more productive by automating the coding workflow while increasing code quality and developer happiness. Tabnine is currently used by over 1 million developers globally.
Tabnine explains that its modular model approach means new models can be added as soon as they are available, and customers can train custom AI models on their own GitHub, GitLab, or BitBucket code repositories, further improving accuracy, along with consistency and coherence of their code base and enabling contextual code reuse.
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The latest generation of Tabnine’s platform offers customers more freedom to decide where to run Tabnine’s AI assistant to best meet their unique workflows – whether that’s on an individual developer’s machine, in Tabnine’s cloud service, or a self-hosted installation.
The next-generation platform includes a dozen new AI models, each trained from the ground-up on code (vs. models pre-trained on text and retro-fitted to learn code). Each model is optimized for a specific language or domain, enabling Tabnine to contextually complete full lines and snippets of code with unprecedented accuracy.
“Generative AI is fundamentally changing the software development lifecycle,” said Dror Weiss. “These new tools have the potential to bring a wave of automation and simplification that will make the methods we use today look antiquated and unnecessary. Tabnine has spent years working with development teams to bring this vision to life, and we’re excited to use this latest round of investment to help all of you create software faster, do more interesting work, and be happier in your every day.”
