About Tessl
Tessl is a company based in London (United Kingdom) founded in 2024 by Guy Podjarny.. Tessl has raised $125 million across 2 funding rounds from investors including Accel, Index Ventures and Google Ventures. Tessl offers products and services including AI Development Platform and Format Converter. Tessl operates in a competitive market with competitors including Traceloop, Bito, LibLab, PowerML and Zaraz, among others.
- Headquarter London, United Kingdom
- Founders Guy Podjarny
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tessl Ai Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$125 M (USD)
in 2 rounds
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Latest Funding Round
$100 M (USD), Series A
Nov 04, 2024
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Investors
Accel
& 3 more
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Employee Count
Employee Count
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Products & Services of Tessl
Tessl offers a comprehensive portfolio of products and services, including AI Development Platform and Format Converter. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Generates and maintains code from user specifications using AI.
Converts data between formats like CSV, JSON, XML, and HTML.
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Funding Insights of Tessl
Tessl has successfully raised a total of $125M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $100 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $100.0M
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First Round
First Round
(01 Jun 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series A - Tessl | Valuation | Index Ventures | |
| Jun, 2024 | Amount | Seed - Tessl | Valuation | Google Ventures , Boldstart Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tessl
Tessl has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Accel, Index Ventures and Google Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Corporate backed venture capital fund investing in multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tessl
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tessl
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tessl Comparisons
Competitors of Tessl
Tessl operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Traceloop, Bito, LibLab, PowerML and Zaraz, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform offering code generation software
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| domain | founded_year | HQ Location |
Developer of an AI code review agent for software development
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| domain | founded_year | HQ Location |
Cloud-based code generation for SDKs is offered by LibLab.
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| domain | founded_year | HQ Location |
AI code generation and no-code data apps are provided.
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| domain | founded_year | HQ Location |
Limited information is available on Zaraz's core activities.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tessl
Frequently Asked Questions about Tessl
When was Tessl founded?
Tessl was founded in 2024.
Where is Tessl located?
Tessl is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Tessl?
Guy Podjarny is the current CEO of Tessl. They have also founded this company.
Is Tessl a funded company?
Tessl is a funded company, having raised a total of $125M across 2 funding rounds to date. The company's 1st funding round was a Seed of $25M, raised on Jun 01, 2024.
What does Tessl do?
Developer of AI-powered platform for autonomous software evolution using natural language. The platform enables users to define functionality, allowing AI to handle implementation and maintenance. It offers spec-centric development, ensuring software details are maintained and protected against regressions. The system adapts automatically to dependencies and updates, generating code across languages and platforms. It regenerates code according to team preferences and optimizes performance based on usage data.
What products or services does Tessl offer?
Tessl offers AI Development Platform and Format Converter.
Who are Tessl's investors?
Tessl has 4 investors. Key investors include Accel, Index Ventures, Google Ventures, and Boldstart Ventures.
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