Prime Highlights
- SolveAI, in just eight months, raised $50 million to offer tools that help companies build software faster while keeping standards.
- The startup focuses on understanding each company’s unique needs, aiming to deliver more value than existing tools.
Key Facts
- SolveAI operates in a competitive coding tools market alongside major players like Cursor ($29.3B) and Lovable ($6.6B).
- Investors backing SolveAI include Google Ventures, Accel, Northzone, and notable tech leaders.
Background:
SolveAI, an enterprise-focused AI coding startup founded just eight months ago, has raised $50 million to compete in the fast-growing AI software development market. The London-based company secured a $45 million Series A round in November, led by GV, adding to a $5 million pre-seed round led by Accel in August.
The company was incorporated in July by former Palantir Technologies engineer Steve Basher and currently operates with a team of 11 employees. Its investors include Northzone, Mantis VC, NeverLift, Palantir CISO Mike LoSapio, Google DeepMind’s Pushmeet Kohli, and OpenAI’s Olivier Godement.
SolveAI enters a competitive coding tools market with major players like Cursor, valued at $29.3 billion, and Lovable, valued at $6.6 billion. While many tools focus on helping users generate code quickly through natural language prompts, Basher argues that most fail to address the complex needs of large enterprises.
“AI is somewhat useless without context,” Basher said. He believes companies need tools that deeply understand their internal systems, frameworks, and standards. SolveAI’s core product aims to capture and structure a company’s unique context so that generated software reflects how its own engineers would build it.
Basher points to platforms like Lovable as strong consumer-oriented products but says they do not yet solve what he calls the “last-mile” problem, turning prototypes into production-ready, compliant enterprise software.
Tom Hulme, managing partner at GV, said enterprise software development requires a deep understanding of how companies deploy and scale systems. He believes SolveAI’s focus on detail and compliance could help businesses move from experimentation to fully operational solutions.
As companies continue to question the return on investment from AI tools, Basher positions SolveAI as a solution built for precision. He argues that the more an AI system understands a company’s operations, the more valuable it becomes.
“You want to use something that knows your company better than you do,” Basher said, outlining his long-term vision for enterprise AI coding.
