Greptile Secures $30M Series A Led by Benchmark, Valued at $180M Despite Intense Competition and Rigorous Work Culture

Greptile, an AI-powered code review startup, is reportedly in talks to secure a $30 million Series A funding round, valuing the company at $180 million. According to sources close to the deal, Benchmark partner Eric Vishria is leading the investment discussions. However, one insider notes that the deal has not yet been finalized, and the terms may still change. Founded by Daksh Gupta after he graduated from Georgia Tech in 2023, Greptile participated in Y Combinator's winter 2024 cohort. Following the program, the startup raised a $4 million seed round, led by Initialized Capital. Gupta previously described Greptile’s AI bot as acting like an experienced coworker, capable of understanding intricate codebases and identifying bugs and potential issues that human reviewers might overlook. This capability is crucial in an increasingly competitive market where AI-driven solutions are rapidly gaining traction. The code review space is indeed fiercely competitive, with notable rivals such as Graphite and Coderabbit. Graphite recently secured a $52 million Series B led by Accel, with additional funding from Anthropic’s Anthology Fund, Menlo Ventures, and a16z. Coderabbit, meanwhile, raised a $16 million Series A last year from CRV. To stay ahead in this high-stakes environment, Gupta has been pushing for an intense work culture at Greptile. In a viral post on X (formerly Twitter) last November, Gupta, then 22, detailed how the company offers "no work-life balance." Employees typically work from 9 am to 11 pm, six days a week, and occasionally on Sundays, he wrote. Gupta defended this rigorous approach in interviews with various media outlets, emphasizing the importance of maximum effort to stand out in a crowded field. “No one cares about the third-best or even the second-best company in any software category. If you’re going to put in 95 percent effort, it’s the equivalent of putting in 0 percent effort,” he told Inc. Despite the demanding work culture, securing a significant investment from a top-tier venture capitalist like Benchmark at a robust Series A valuation could be a crucial step for Greptile. This backing may provide the financial support and industry validation needed to further differentiate itself in the competitive AI landscape. Greptile and Benchmark have not responded to requests for comment on the fundraising talks.