Graphite Named to Forbes' Next Billion-Dollar Startups List, Bolstered by $81 Million in Equity

New York City-based Graphite, a company specializing in code review solutions, has been recognized on Forbes' prestigious "Next Billion-Dollar Startups" list for 2025. This inclusion highlights the company's significant progress and its innovative approach to software development, particularly in the realm of artificial intelligence. Graphite has successfully raised $81 million in equity funding, with lead investors including Accel, Andreessen Horowitz, and Homebrew.

Graphite's flagship product, Diamond, is an AI-powered assistant designed to accelerate code reviews. The tool intelligently flags potential bugs and suggests improvements, streamlining development workflows and enabling teams to ship higher-quality code more rapidly. Its ability to understand context and reason about code like a human teammate has led to its adoption by fast-growing companies such such as Anysphere, Figma, Ramp, and Shopify.

Merrill Lutsky, Co-founder and CEO of Graphite, reflected on the company's journey, stating, "We started building @withgraphite in a tiny East Village apartment 4 yrs ago." He added that making the Forbes list "is a huge recognition of the progress we've made since then, and we've only just begun to realize our vision for code review in the age of AI." This sentiment underscores the company's foundational growth and its ambitious future.

The 2025 Forbes list, published on August 12, 2025, prominently features companies leveraging artificial intelligence, with 20 out of the 25 selected startups being AI-focused. Graphite's estimated 2024 revenue stands at $2 million, positioning it as a key player in the evolving AI software market. The company's strategic vision focuses on continually enhancing code review processes through advanced AI capabilities, aiming to set new industry standards.