AI coding assistant Supermaven secures $12 million in funding from OpenAI and Perplexity co-founders

Supermaven, an innovative AI coding assistant founded by former Tabnine co-founder Jackson, has successfully raised $12 million in its latest funding round. This Series A funding was led by Bessemer Venture Partners, with significant contributions from OpenAI co-founder John Schulman and Perplexity co-founder Denis Yarats. The funds are aimed at scaling the company’s operations and enhancing its technology.

Jackson, who previously co-founded Tabnine, a notable AI coding assistant that attracted close to $60 million in venture capital, shifted his focus from OpenAI to create Supermaven. The platform is designed to support developers by improving their workflow with advanced AI tools. Supermaven’s AI model, Babble, boasts a substantial 1 million-token context window, allowing it to understand and process extensive codebases efficiently. This feature helps minimize errors and enhance code generation by maintaining context over long stretches of code.

The competitive landscape for AI coding assistants includes notable players such as Magic and Google’s Code Assist. However, Supermaven differentiates itself with lower latency and a unique neural architecture developed in-house. The company’s infrastructure allows it to process large code repositories swiftly, making it a strong contender in the market.

Despite the growing adoption of AI coding tools—Polaris Research estimates the market will reach $27.17 billion by 2032—Supermaven faces challenges related to data privacy and copyright. Jackson assures that Supermaven does not use customer data for model training but retains data briefly to ensure responsiveness. The platform, which launched in February, has quickly attracted over 35,000 developers and generated $1 million in annual recurring revenue.

With this latest funding, Supermaven plans to expand its team and further develop its text editor, which is currently in beta. Jackson remains optimistic about the company’s growth prospects, citing the rapid adoption of coding assistants and the increasing demand for efficient development tools.