Bolt.new Secures $105.5 Million in Series B Funding
Bolt.new has announced the completion of a $105.5 million Series B funding round led by Emergence and GV, with additional participation from notable investors including Madrona, The Chainsmokers (Mantis), and Conviction. The CEO of Bolt.new indicated that since its launch in October, the company has reached an annual recurring revenue of $20 million within just two months, with user registrations exceeding 2 million, all supported by a compact team of only 20 employees.
The primary offering from Bolt.new is a browser-based full-stack development environment. This innovative platform allows users to automatically write, execute, and deploy code using straightforward prompts. This streamlined approach significantly reduces the complexity of traditional development processes, empowering developers to work from virtually any location without the need for elaborate environment setups. With Bolt.new, users can manage the entire lifecycle of application development—creating, editing, running, and debugging—all within a single browser interface, thereby greatly enhancing overall development efficiency.
Using the Bolt.new platform, developers enter simple commands, prompting the AI to generate code that aligns with their specifications. This not only accelerates the coding process but also allows users to edit and optimize the output code effectively. Furthermore, the platform features a one-click deployment option, enabling users to publish applications online seamlessly, without the concern of configuring servers or cloud services.
The rapid success of Bolt.new illustrates the growing integration of AI technology in the development sector. As the user base continues to expand and technological advancements progress, Bolt.new is poised to establish itself as a leading player in the future of development tools.
Key Points
- Bolt.new raised $105.5 million in Series B funding.
- The company achieved $20 million in annual recurring revenue in two months.
- User registrations surpassed 2 million with a team of only 20 employees.
- The platform simplifies the development process with a browser-based interface.
- Bolt.new is expected to become a leader in development tools driven by AI.