Wednesday, February 25, 2026

Exclusive: SolveAI, at eight months old, raises $50 million to take on the AI coding tool race

In just eight months of existence, SolveAI has raised $50 million.

That’s shorter than a pregnancy, but longer than an NFL season. The enterprise coding startup—incorporated in July by former Palantir engineer Steve Basher—has eleven employees, and raised its $5 million Accel-led pre-seed in August. Basher’s idea was simple: That an AI coding tool must be completely specific to the company using it.

“AI’s somewhat useless without context,” Basher told Fortune. “Context is everything. So, our product is: what framework do you build to capture a company’s context?”

SolveAI got its second funding bump in November, as Google Ventures led the London-based company’s $45 million Series A, Fortune has exclusively learned. The startup’s investors so far also include Northzone, Mantis VC, and NeverLift, along with Palantir CISO Mike LoSapio, Google DeepMind’s Pushmeet Kohli, and OpenAI’s Olivier Godement.

SolveAI is riding several waves, a high-velocity story in a fast-moving market. The company is, for example, operating in the hot but hypercompetitive AI coding tool space, which includes companies like Cursor (valued at $29.3 billion) and Lovable (valued at $6.6 billion). Lovable, in particular, is a worthwhile point of comparison, as in some sense it’s already scaling to do what SolveAI does—“vibe code,” or help non-technical people use natural language to build software.

“Lovable is fantastic for consumers,” said Basher. “It’s built around people who don’t have technical opinions. But I think—beyond just Lovable, in the broader category—no one’s figured out how to cover that last-mile. No one’s yet figured out how to generate software that actually is as if the enterprise’s own engineers had written it.”

Basher believes that SolveAI can, yes, solve that last-mile for large companies looking to vibe code with their employees. Tom Hulme, GV managing partner, believes Basher and SolveAI can win on getting the details right.

“How enterprises write and deploy software is so nuanced that moving from prototypes to scalable production requires a deep understanding of this,” said Hulme via email. The endgame, he says, “allows a generation of bespoke, production-ready, and compliant software solutions.”

This gets Basher’s philosophy around what it means to find AI ROI, a subject of much consternation among enterprises.

“The more we can understand about a company, the better we can serve it,” said Basher. “Why would anyone want to use anyone else? You want to use something that knows your company better than you do.”

See you tomorrow,

Allie Garfinkle
X: @agarfinks
Email: alexandra.garfinkle@fortune.com
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VENTURE CAPITAL

- SambaNova, a Palo Alto, Calif.-based AI platform, raised $350 million in Series E funding. Vista Equity Partners and Cambium Capital led the round and were joined by T. Rowe Price and others.

- Taalas, a Toronto, Canada-based custom AI chip designer, raised $169 million in funding from Quiet Capital, Fidelity, Pierre Lamond, and others.

- Basis, a New York City-based agentic AI platform designed for accountants, raised $100 million in Series B funding. Accel led the round and was joined by GV, Lloyd Blankfein, and existing investors.

- Letter AI, a Chicago, Ill.-based AI-powered revenue enablement platform for go-to-market teams, raised $40 million in Series B funding. Battery Ventures led the round and was joined by Y Combinator, Lightbank, Northwestern Mutual Future Ventures, Stage 2 Capital, and existing investors.

- Frankenburg Technologies, a Tallinn, Estonia-based developer of missile systems, raised €30 million ($35.3 million) in Series A funding. Plural led the round and was joined by SmartCap.

- Koah, a San Francisco, Calif.-based developer technology that places contextual ads within AI conservations, raised $20.5 million in Series A funding. Theory Ventures led the round and was joined by Forerunner and South Park Commons.

- Xflow, a Bangalore, India-based business-to-business cross-border payments platform, raised $16.6 million in Series A funding. General Catalyst led the round and was joined by PayPal Ventures and existing investors.

- VoiceLine, a Munich, Germany-based AI-assistant for field sales teams, raised €10 million ($11.8 million) in Series A funding. Alstin Capital and Peak led the round and were joined by Scalehouse Capital, Venture Stars, and NAP.

- MedScout, an Austin, Texas-based agentic AI platform designed to find leads for medical technology companies, raised $10 million in funding. Fulcrum Equity Partners led the round and was joined by Live Oak Venture Partners and Stage 2 Capital.

- Wootzwork, a Houston, Texas-based engineering and manufacturing solutions company, raised $6.6 million in Series A funding. Z47 led the round and was joined by Nexus Venture Partners, AdvantEdge Founders and Stride Ventures.