Poolside

French AI programming software startup Poolside is in talks with investors, and people familiar with the matter say the company has yet to release a product, but its estimates have shot up to $3 billion. In a new funding round, Poolside is poised to raise $500 million.Bain Capital Ventures, which is already an investor in Poolside, will be the lead investor in the round. The AI industry has lost some of its fervor because of the lack of obvious commercial returns to be seen, but the fact that investors are investing massively in a startup AI company at this time suggests that they are trying...

French AI startup Poolside.ai plans to raise at least $400 million in this round of financing and set its valuation at $2 billion. The lead investors in this round include Bain Capital Ventures and DSTPoolside.ai is a Paris-based generative AI company focused on accelerating software development. Source: Image generated by AI, image licensing service provider Midjourney Last August, the company had successfully completed a large-scale seed round of financing, raising $126 million in funds…