News Summary

Google Ventures has increased its investment in Blacksmith, a San Francisco-based developer tool startup, just four months after its initial seed round. Blacksmith, which specializes in continuous integration and continuous delivery services, raised a $10 million Series A, bringing its total funding to $13.5 million. The company, co-founded by University of Waterloo alumni, offers a high-performance, cost-effective solution to streamline software development processes. With a significant increase in annual recurring revenue and over 700 customers, Blacksmith aims to double its revenue by the end of the year. The startup’s innovative approach includes using gaming-grade CPUs for faster processing and offering deep insights into GitHub Actions, catering specifically to companies with large engineering teams.