TurinTech has recently raised $20 million in funding, including a $15 million Series A led by Oxford Capital. The company has already attracted large blue-chip players and banks to its early adopter program. The article highlights the growing impact of AI on software development, with Gartner projecting that 75% of enterprise software engineers will use AI code assistants by 2028. Additionally, a Stack Overflow survey indicates that 63% of developers are already incorporating AI into their workflow. The article is written by Mike Butcher, Editor-at-large of TechCrunch, who is recognized as an influential figure in European technology.
Key takeaways:
- Vibe coding with LLM-driven tools like Cursor Composer allows for a hands-off approach to code generation, but may lead to inefficiencies and technical debt.
- TurinTech's Artemis platform aims to optimize and validate codebases, improving performance, security, and scalability, unlike other GenAI tools that rely solely on LLMs.
- TurinTech has raised a total of $20 million in funding, including a $15 million Series A led by Oxford Capital, and has large blue-chip players and banks in its early adopter program.
- AI-generated code is becoming more prevalent, with Gartner projecting 75% of enterprise software engineers will use AI code assistants by 2028, up from less than 10% in early 2023.