London, United Kingdom – November 21, 2024
London-based Tessl, a trailblazing AI-powered platform aimed at redefining software development, has raised $125 million in funding. The announcement includes a $25 million seed round led by GV and Boldstart in April and a $100 million Series A led by Index Ventures with participation from Accel. This funding positions Tessl to accelerate its mission of transforming software creation and maintenance through its innovative AI-native approach.
Advancing Software Development with AI
Founded by Guy Podjarny, the former CEO of Snyk, Tessl envisions a future where AI separates the “what” from the “how” in software development. Tessl’s platform allows developers to provide specifications in natural language, enabling the AI to generate, implement, and autonomously maintain code.
“Tessl revolutionizes software creation by moving from a code-centric to a spec-centric paradigm, reducing complexity and maintenance while increasing accessibility,” explained CEO Guy Podjarny.
Key Features and Potential Impact
• Spec-Centric Development: Tessl empowers developers to focus on specifications while AI handles implementation and ongoing maintenance.
• Autonomous Maintenance: The platform ensures software remains up-to-date and secure, addressing vulnerabilities, API changes, and performance issues automatically.
• Adaptability: Tessl supports multiple programming languages, including Java, JavaScript, and Python, with plans for further expansion.
Strategic Growth and Allocation
The $125 million investment will be used to:
• Finalize platform development ahead of its early 2025 launch.
• Expand Tessl’s reach in the developer tools market.
• Foster collaborations within the AI Native Developer Community through initiatives like AI Native Dev Con.
Backing from Visionary Investors
Carlos Gonzalez-Cadenas, Partner at Index Ventures, noted, “Tessl has the potential to redefine software development. Guy’s deep understanding of developer communities and his track record of building impactful companies make him the perfect leader for this mission.”
Future Goals
Tessl aims to solidify its position as a leader in AI-powered software development by building an open and collaborative platform. With early adopters already signing up, the company is set to shape the future of how software is created, maintained, and optimized globally.
For more information, visit tessl.ai.
