Proximal Emerges From Stealth With $15 Million Seed Round and $200 Million Revenue Pace

Proximal, a San Francisco coding-data startup, has come out of stealth with a $15 million seed round led by General Catalyst at a $300 million valuation and says it has passed a $200 million annualized revenue pace. The 40-person company says AI-generated coding tasks are helping train other AI models while keeping costs low, and CEO Calvin Chen says the startup is profitable.