Insider: GitHub's former CTO founded AI company Poolside and is seeking nearly $500 million in financing at a valuation of $3 billion

Poolside, a startup developing software for writing AI, is in talks for a new round of funding that would value it at $3 billion before it releases its initial product, according to people familiar with the matter. The company is looking to raise nearly $500 million, people familiar with the matter said. Bain Capital Ventures, an existing investor in Poolside, is in talks to lead the round. Neither Poolside nor Bain Capital Ventures commented. Poolside was founded in early 2023 by Jason Warner, former CTO of GitHub, and software entrepreneur Eiso Kant. The startup reportedly moved to France last year after raising $126 million in seed funding. In addition, two other Paris startups, Mistral AI and H, have also received significant funding to create generative AI models. (Bloomberg)