Peak XV-Backed AI Startup Blacksmith Nets $66 Mn At A Unicorn Valuation
Blacksmith, a San Francisco-based AI startup backed by Peak XV Partners, closed a $66M Series C funding round led by Sequoia Capital, bringing total funding to $125M. The round valued the company at $1B, doubling from its $550M valuation in August when Peak XV led the $45M Series B. Premji Invest, Google Ventures, and Y Combinator also participated. The startup manages 10MW of compute capacity globally and plans to expand 5X by 2027, serving over 10,000 corporate customers.
Key points
- Raised $66M Series C led by Sequoia
- Reached $1B unicorn valuation
- Total funding to date: $125M
- Plans to expand compute capacity 5X by 2027
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