Exclusive: SolveAI, at eight months old, raises $50 million to take on the AI coding tool race

Fortune

by Allie Garfinkle

February 25, 2026

AI-Generated Deep Dive Summary

SolveAI, an eight-month-old startup founded by Steve Basher, has raised $50 million in a Series A funding round led by Google Ventures (GV), with participation from prominent investors including Palantir CISO Mike LoSapio and OpenAI’s Olivier Godement. The company aims to develop AI coding tools tailored specifically to individual enterprises, ensuring the generated software aligns closely with the company's unique context and engineering practices. Basher emphasizes that this specificity is key to solving the "last mile" problem in AI coding tools—producing code that feels like it was written by the company’s own engineers. The startup operates in a fast-growing and highly competitive market, alongside high-profile players like Cursor (valued at $29.3 billion) and Lovable (valued at $6.6 billion). While competitors focus on broader consumer applications, SolveAI targets enterprises with a focus on scalability and compliance. Basher believes that understanding the nuances of how enterprises write and deploy software is critical to creating solutions that meet their unique needs. SolveAI’s approach resonates with GV Managing Partner Tom Hulme, who highlights the importance of deep domain knowledge in enterprise software development. He sees potential for SolveAI to deliver bespoke, production-ready solutions that address a significant gap in the market. The company’s ability to capture and utilize context will be crucial in delivering on its promise of generating code that seamlessly integrates with existing systems. This funding milestone underscores the growing demand for AI tools that offer tailored solutions for enterprises. As businesses seek ways to streamline software development while maintaining control and compliance, SolveAI’s focus on enterprise-specific coding tools positions it as a strong contender in this space. The success of such specialized AI applications could redefine how enterprises approach software development, making it a key trend to watch for business leaders and tech enthusiasts alike.

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Originally published on Fortune on 2/25/2026