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Many startups and larger tech companies have attempted to develop artificial intelligence for coding software. Now, a new player is emerging with a mission to address the challenges that may arise when humans and AIs collaborate in writing code.
Tessl is working on an “AI native” platform for developers and their teams to create and maintain software. The London-based startup recently raised $125 million in funding, led by Index Ventures, with participation from Accel, GV, and Boldstart. The post-money valuation for Tessl is reported to be over $500 million.
The Vision Behind Tessl
Tessl’s CEO, Guy Podjarny, previously founded Snyk, a cybersecurity firm valued at $7.4 billion in 2022. Podjarny’s experience at Snyk inspired the concept for Tessl, as he recognized the growing need for managing the influx of code generated by AI.
Podjarny’s vision for Tessl is to streamline software development and code maintenance by ensuring that code fits together seamlessly. The platform will allow developers to provide specifications in natural language or code, which Tessl will then translate into code that matches those requirements.
The Future of Tessl
While Tessl plans to initially support Java, JavaScript, and Python, Podjarny envisions expanding to accommodate more languages in the future. Additionally, Tessl aims to collaborate with other AI coding assistants, allowing teams to maintain code generated by different platforms.
Although Tessl may compete with existing AI coding assistants, such as Anysphere’s Cursor and GitHub’s Copilot, the platform is designed to be compatible with various tools and languages. As the industry sees rising valuations for AI-driven startups, the potential success of companies like Tessl remains to be seen.
Investors are backing the idea due to its extensibility, with code maintenance being a key factor. According to Gonzalez-Cadenas, building a system of record opens up a variety of opportunities.
