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Tessl raised $100 million in a Series A funding round led by Index Ventures to enhance AI-driven software design and development.

PRIVATENov 14, 2024

Amount Raised

$100 Million

Round Type

Series A

LondonInformation TechnologySoftwareArtificial IntelligenceCyber SecurityMachine Learning

Investors

AccelBoldstartGVIndex Ventures

Description

Tessl, an AI software development startup, has secured a $100 million Series A funding round, valuing the company at $750 million. The round was led by Index Ventures with participation from Accel Partners, GV, and boldstart. The funding will be used to further develop its innovative AI capabilities in software programming.

Quick answer

Tessl raised $100 Million in a Series A round, dated November 14, 2024. Investors: Accel, Boldstart, GV and Index Ventures. Tessl is based in London, England, United Kingdom.

How much did Tessl raise?
Tessl raised $100 Million in a Series A round on November 14, 2024.
Who invested in Tessl?
Accel, Boldstart, GV and Index Ventures are named as investors in this round.
What does Tessl do?
Tessl is an AI software development platform founded by Guy Podjarny, co-founder of the cybersecurity firm Snyk.
Where is Tessl based and how big is it?
Tessl is based in London, England, United Kingdom.
Who are the decision-makers at Tessl?
Fundz holds 2 contacts at Tessl. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Cyber Security and Software around the same time

Companies in the same sectors as Tessl that raised within 45 days of this round, from Fundz verified event records.

  • RaptorX.ai raised $473K (Pre-Seed) on December 2, 2024.
  • Anthropic raised $4B on November 22, 2024.
  • DryRun Security raised $6.2M on September 30, 2024.
  • Airship AI raised $7.6M on December 26, 2024.
  • RAAPID raised $6.7M on December 23, 2024.
  • M37Labs raised an undisclosed amount (Pre-Seed) on December 23, 2024.

Who to call at Tessl, and when

A new round usually means Tessl is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Tessl raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Tessl, from your own LinkedIn network

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Company Information

Company

Tessl

Location

London, England, United Kingdom

About

Tessl is an AI software development platform founded by Guy Podjarny, co-founder of the cybersecurity firm Snyk. The company aims to redefine software creation by allowing humans to articulate their needs while AI manages the implementation. Tessl promises to enhance the software development process by focusing on understanding customer pain points and improving system design. The platform is anticipated to launch in early 2025, following a successful funding round.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Tessl raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.