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AI Coding Assistant Supermaven Secures Funding from OpenAI and Perplexity Founders

 

image source |Analytics Vidhya


 

Early in his career, Jacob Jackson was all in with AI.


While still a University of Waterloo computer science student, Jackson co-founded Tabnine, the AI coding helper that raised nearly $60 million in venture capital. In 2019, when he was doing his final exams, Jackson sold Tabnine to Codata. He then started working as an intern at OpenAI and stayed there until 2022.



Jackson felt the need to launch a new business at that point to facilitate standard developer workflows.



Jackson said, "In the years since I built Tabnine, tools like ChatGPT and Github Copilot have changed the way developers work." The underlying technology has advanced significantly since I started working on developer tools, so it's a very exciting moment to be involved in it. Since I founded Tabnine, many more developers have expressed interest in utilizing AI tools to streamline their processes.



Jackson then launched Superman, an AI coding platform similar to Tabnine but with several technological and quality-of-life improvements.



According to Jackson, Supermaven's proprietary generative AI model, Babble, has a context window of one million tokens, which allows it to comprehend a large amount of code at once. Tokens, which are split chunks of raw data in data science, are similar to the syllables "fan," "tas," and "tic" in the word "fantastic." 

The context, also known as the context window, of a model is the set of input data (such as code) that the model takes into account before producing output (such as more code). Extended context can stop models from "forgetting" what has been recently added to documents and data, as well as from going off-subject and making incorrect extrapolations.


"Our broad context window allows the model to infer answers from the context in scenarios where it would otherwise have to guess, which helps reduce the frequency of hallucinations," Jackson explained.

Indeed, a million tokens is a large context frame. However, it is not greater than the 100 million tokens held by AI coding firm Magic. At 1 million tokens, Google's recently released Code Assist feature corresponds with Supermaven's context.



What benefits does Supermaven offer over competitors, then? According to Jackson, Babble has reduced latency because of a "new neural architecture." He would only remark that the architecture was created "from scratch," without going into further detail.



According to Jackson, "Supermaven takes ten to twenty seconds to process a developer's code repository to get acquainted with its APIs and the specific conventions of its codebase."" stated Jackson. "Due to our internal model serving infrastructure, our tool has reduced latency and maintains responsiveness even when interacting with lengthy prompts associated with large codebases."



According to Polaris Research, the market for AI coding tools is sizable and expanding, and by 2032, it is expected to be valued at $27.17 billion. The majority of participants in GitHub's most recent developer survey report having used AI tools in some capacity, and over 1.8 million users—including about 50,000 companies—are paying for GitHub Copilot.



However, Supermaven faces moral and legal obstacles that must be addressed, as do upstart rivals like Cognition, Anysphere, Poolside, Codeium, and Augment.

year, raising worries about the disclosure of private information. It has been demonstrated that certain code-generating systems trained on code that is copyrighted or subject to restrictive licenses may reproduce that code when given specific instructions, which presents a liability concern (i.e., developers that incorporate the code could be sued). Additionally, assisted coding tools may lead to more incorrect and unsafe code being added to codebases because AI is fallible.



According to Jackson, Supermaven trains its models without using client data. To "make the system quick and responsive," he acknowledged that the business keeps data for a week. Regarding copyright, Jackson stated that Babble was "trained almost exclusively on the public instead of using a public internet scrape" in order to "minimize exposure to harmful content during training."



Consumers don't seem to be deterred. According to Jackson, more than 35,000 developers are using Supermaven, and a significant portion of them are paying for the Pro ($10 per month) and Team ($10 per month per usage) premium plans. Supermaven's recurring revenue for the year increased to $1 million this year thanks to a user base that has tripled since the platform's February debut.



VCs took notice of that movement.



This week, Supermaven said that it had raised $12 million in its first round of outside funding, led by Bessemer Venture Partners and featuring prominent angel investors such as Denis Yarats, co-founder of Perplexity, and John Schulman, co-founder of OpenAI. According to Jackson, the intention is to use the funds for hiring available code rather than specifically denying that it was trained on IP-protected code."

Companies frequently worry about disclosing confidential information to outside parties; Apple allegedly forbade employees from using Copilot last week, Supermaven said that it had raised $12 million in its first round of outside funding, led by Bessemer Venture Partners and featuring prominent angel investors such as Denis Yarats, co-founder of Perplexity, and John Schulman, co-founder of OpenAI. According to Jackson, the money will be used to create Supermaven's text editor, which is presently in beta, and hire developers (Supermaven currently employs five people).



He continued, "We intend to grow significantly through the end of the year." "Despite challenges facing the tech industry as a whole, demand for coding copilots has been rising swiftly. Our most recent investment round and our progress since our February launch put us in a strong position going into the new year.





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