Key Takeaways
- Atempo Growth raised $32.0M (Series A).
- Sector: Artificial Intelligence (AI).
- Geography: United States.
Analysis
San Francisco-based open-source AI coding leader, Cline, has successfully raised $32 million in seed and Series A funding. Emergence Capital spearheaded the recent Series A round, with participation from Pace Capital, 1984 Ventures, Essence VC, Cox Exponential, and a number of significant developer-focused angel investors such as Jared Friedman, Eric Simons, Logan Kilpatrick, Addy Osmani, and tech YouTuber Theo Browne.
The funding is set to propel the launch of Cline Teams, Cline's new enterprise platform aimed at introducing its acclaimed agentic AI coding abilities to large-scale enterprises. It also aims to expand the Cline team and enhance its product offerings, including extending Cline beyond VS Code to wherever developers write code.
Cline has revolutionised software development with its trusted open-source AI coding agent, installed by 2.7 million developers and employed by Fortune 500 companies like Samsung and SAP. Its transparent pricing structure offers unmatched value for developers who seek potent AI-driven development without hidden costs and performance compromises associated with subscription-based alternatives.
Founder of Cline, Saoud Rizwan, stated that what started as an open-source project for enthusiasts quickly became a tool utilised by millions of developers and organically adopted by enterprises. The launch of the enterprise product, Cline Teams, enables enterprises to manage their overwhelming internal usage of Cline, building software at a faster pace.
Cline's open architecture offers maximum AI capability without compromise. Its open-source nature ensures every line of code is auditable, there's no hidden prompt manipulation or quality degradation, and developers have instant access to cutting-edge models at full strength. This approach has resulted in developers reporting completion of entire feature implementations in hours instead of days.
An actively engaged open-source developer community around the world significantly contributes to Cline. Rizwan mentioned that the broader community's imagination and ingenuity is tapped to create a product by developers, for developers. Cline's open-source nature has also allowed it to provide more visibility into their development roadmap and receive feedback from their community.
With the launch of Cline Teams, the company extends its trusted open-source offering with essential enterprise-grade features. It includes organization management, centralized billing & usage tracking, and enterprise-ready foundations. This unique approach to agentic coding is a paradigm shift for enterprises seeking to harness the unrestricted power of agentic AI, according to Yaz El-Baba, Partner at Emergence Capital.
Cline's architecture has made it the default choice for Zero Trust Enterprises, where security is a strict requirement. Engineering teams at Fortune 100 companies use Cline because alternatives that route code through external servers cannot pass compliance review. For these organizations, the choice isn't which AI coding tool to use β it's Cline or nothing.