Blacksmith hits $1 billion valuation after $66 million Series C led by Sequoia

Blacksmith, a startup that runs the machinery companies use to test their code before release, is now worth $1 billion. The new mark comes from a $66 million Series C round led by Sequoia Capital. According to Fortune, the round lands about two months after Blacksmith raised a $45 million Series B at a $550 million valuation. The round, by the numbers The Series C pushes Blacksmith’s total funding to about $124.5 million, according to Fortune. Separate research findings put the exact Series C amount at approximately $66.26 million. Sequoia led this round. The earlier Series B was led by Peak XV Partners, with GV (formerly Google Ventures) and Y Combinator also participating. Before the Series C, the company had raised a total of approximately $58.5 million. The valuation trajectory is steep. Blacksmith sat at roughly $60 million after its Series A, then jumped to $550 million with the Series B. The latest round nearly doubles that figure. The underlying business metrics help explain the enthusiasm. Revenue has climbed from the early single-digit millions to the tens of millions, per the research findings. Some enterprise customers now spend more than $1 million a year with the comp...