Kite Raises $17 Million For Its AI-Powered Developer Environment

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Kite, which suggests code snippets for Python developers in real time, has raised $17 million in a series A round led by Trinity Ventures. The latest version of the free developer tool no longer relies on the cloud, meaning it runs locally, and it adds a nifty feature called Line-of-Code Completions.

GitHub CEO Nat Friedman also participated in this round, adding his name to a long list of notable angel investors, including PayPal founder Max Levchin, Automattic founder Matt Mullenweg, Palantir founder Joe Lonsdale, Dropbox founder Drew Houston, Cruise Automation cofounder Kyle Vogt, Gusto cofounder Joshua Reeves, and founder Emmett Shear. Kite plans to use the new funding to expand its R&D team with a focus on accelerating developer productivity. Trinity Ventures general partner Dan Scholnick, who sits on the boards of Docker and New Relic, will join Kite’s board.




Image Credits: VentureBeat


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