Nov 4, 2024

Mountain View, CA – WEBWIRE – Monday, November 4, 2024 Codeium , the leading AI-powered platform for software development, today announced it was one of two companies to be inducted into JPMorganChase’s Hall of Innovation at its 16th annual Technology Innovation Symposium. Every year, JPMorganChase recognizes emerging technology companies that demonstrate outstanding business value, market innovation, and robust partnerships. Over the past two years, Codeium has assembled a team of over 100 professionals and grown its user base to more than 800,000 active developers, and most recently secured $150M Series C funding led by General Catalyst. The enterprise product reached eight figures in annual recurring revenue within a year, with ARR growing by over 500% since early 2024. Codeium now processes more than 100 billion tokens daily, and has been integrated into production workflows at companies like JPMorganChase, Zillow, Dell, and Anduril, significantly boosting productivity. Codeium’s AI-powered solutions have helped companies like JPMorganChase empower its software developers with faster, more efficient workflows and provide relevant assistance and insightful metrics. “JPMorganChase was one of our first customers, and we have been consistently impressed by its ability to adopt and embrace cutting-edge technologies like generative AI,” said Varun Mohan, CEO and cofounder of Codeium. “We are honored by this recognition from one of the most celebrated technology thought leaders and successful technology organizations across industries.” The Hall of Innovation at JPMorganChase celebrates companies that drive meaningful advancements in the financial services sector through quality, innovation, and reliability. “We are pleased to induct Codeium into the JPMorganChase Hall of Innovation. Codeium has taken a novel approach to applying generative AI in software development, enabling our developers to quickly become productive on new and legacy codebases, iterate on capabilities, and deliver business value,” said Sandhya Sridharan, Global Head of Engineers’ Platform & Integrated Experience at JPMorganChase. With a mission to empower software developers and millions of users worldwide, Codeium is changing the developer experience and advancing human creativity through AI-driven tools. This work with JPMorganChase exemplifies Codeium’s commitment to delivering transformative value through AI, building on a legacy of innovation and productivity. ABOUT CODEIUM Codeium is a generative AI-powered coding toolkit that leverages proprietary code-biased Large Language Models (LLMs) to reduce inefficiencies in software development and maximize developer productivity. Designed for optimal flexibility, Codeium supports over 70 languages and integrates with over 40 Integrated Developer Environments (IDEs), such as Visual Studio Code, the JetBrains suite, Eclipse, and Jupyter Notebooks. WebWireID329121