Keep pulling the thread on Leigh Marie Braswell.
OpenAI has reportedly announced a potential acquisition of Windsurf for $3 billion, which would be OpenAI's largest acquisition to date.
ExaFunction pivoted to become Codium, an AI coding assistant, after its founders saw the potential of GitHub Copilot but identified gaps in the enterprise market.
Kleiner Perkins led a $40 million Series B funding round for Codium (now Windsurf).
Windsurf acquired one million users within its first four months of launch.
Some AI application companies are operating with negative gross margins because the cost of API calls to foundation models like OpenAI and Anthropic is higher than the revenue generated per user.
Leigh Marie Braswell believes that in the current AI market, the only sustainable moat for a startup is its speed of execution and shipping new products.
Kleiner Perkins co-led Chainguard's recent funding round with IVP.
Leigh Marie Braswell believes that venture funds that cease investing during market downturns will miss out on many significant companies.
ExaFunction (now Windsurf) raised a $20-25 million Series A round at a valuation in the hundreds of millions, with participation from Founders Fund.
JPMorgan inducted Codium into its "Hall of Innovation," an annual award for technology partners that have had the biggest impact on the bank.
Windsurf's mission is to enable non-technical users to build software, effectively making everyone a developer.
The traditional SaaS growth benchmark of "triple, triple, double, double, double" is being replaced by a "10x, 10x, 10x" expectation for top-tier AI companies.