The round was led by Emergence Capital with participation from Pace Capital, 1984 Ventures, Essence VC, Cox Exponential and key developer-focused angel investors, including Jared Friedman (Partner, Y Combinator), Eric Simons (CEO, Bolt.new), Logan Kilpatrick, Addy Osmani, and tech YouTuber Theo Browne.

Cline is the company behind the leading open-source AI coding agent, dedicated to transforming software development through transparent, powerful, and collaborative AI. Founded by Saoud Rizwan, Cline provides developers with unobfuscated access to leading AI models, enabling deep codebase interaction, full-context reasoning, and a true human-in-the-loop experience. With a commitment to open-source principles, open-prompt control, and open pricing, Cline empowers individual developers and large enterprises to build better software, faster. The Cline Teams platform extends these capabilities with enterprise-grade security, administration, and governance features, making agentic AI a secure and scalable reality for organizations worldwide.