Convex, which provides an AI-optimized application backend for developers, raised a $57M Series B led by Insight Partners, taking its total funding to $110.5M (Maria Deutscher/SiliconANGLE)
Developer tooling startup Convex Inc. today disclosed that it has closed a $57 million funding round led by Insight Partners.
Convex, a developer tooling startup, has raised $57 million in a Series B funding round led by Insight Partners. This brings the company's total outside funding to $110.5 million. The round also included contributions from Etna Labs, Andreessen Horowitz, and Spark Capital, according to SiliconANGLE.
Convex was founded in 2021 by former members of Dropbox Inc.'s infrastructure engineering team. The company offers an application backend, a collection of building blocks that companies can use to develop custom software. This allows for faster development compared to creating everything from scratch.
Convex's platform is optimized for artificial intelligence agents and helps developers mitigate hallucination-related coding errors, particularly type errors that occur when a piece of data is inputted into a code snippet that can't process it. The platform includes a database that replaces standard SQL queries with TypeScript to mitigate these errors.
Brief written by urgent.news from Techmeme, SiliconANGLE — 2 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- Convex reels in $57M for its AI-optimized application backend siliconangle.com