Stainless Software gets $25M in funding to bring AI-generated SDKs to developers - SiliconANGLE
Dec 11, 2024 - siliconangle.com
Stainless Software Inc. has raised $25 million in a Series A funding round led by Andreessen Horowitz, with participation from existing investors like Sequoia and The General Partnership. The company specializes in using AI to generate software development kits (SDKs) from application programming interfaces (APIs), simplifying the process for developers. Stainless' AI-powered compiler creates SDKs that support multiple programming languages and updates them as APIs evolve. The startup's tool is already popular among developers and has attracted customers such as OpenAI, Meta Platforms, and Cloudflare. Stainless offers a tiered pricing model, including a free version, and has achieved around $1 million in annual recurring revenue.
Founder and CEO Alex Rattray emphasizes the importance of robust APIs in the growing AI landscape, as they are crucial for data pipelines in AI applications. While other companies like LibLab Inc. and Speakeasy Inc. offer similar SDK generation services, Rattray claims Stainless stands out with its polished code output. The company is nearing profitability and anticipates a bright future as APIs become increasingly vital for AI-driven workflows.
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Stainless Software Inc. has raised $25 million in a Series A funding round led by Andreessen Horowitz, with participation from investors like Sequoia and The General Partnership.
The company uses AI to generate software development kits (SDKs) from application programming interfaces (APIs), simplifying the process for developers.
Stainless' SDK generator supports multiple programming languages and automatically updates SDKs as APIs evolve, offering a competitive edge over rivals like LibLab Inc. and Speakeasy Inc.
The company has achieved around $1 million in annual recurring revenue and serves major clients like OpenAI, Meta Platforms Inc., and Cloudflare Inc.
