What it sells
Models and infra for coding agents
Business model breakdown
Buyer: who owns the budget?
UnverifiedEngineering teams building coding agents and AI code-generation products (developer-tool companies).
Trigger: what makes them buy now?
Token cost and latency of frontier LLMs on long agent sessions; need for agent-friendly source control and code search.
Workflow: what inputs become what output?
Agents call Relace small models (search, compact, apply, rank) and Repos for lightweight push/pull and branching from sandboxes; Compact rewrites context at 50k+ tok/s, claimed to cut token costs in half.
Economics: what it saves and how it charges
Usage-based token pricing for in-house SLMs plus Repos infrastructure.
Distribution: how it reaches customers
Self-serve signup and API docs, plus demo calls for larger teams; also consumer-dev app Jacq at jacquard.dev.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-10-16 | — | $1.6M | — | news.google.com |
| 2026-10-15 | Seed | £1.2M | Boost Capital (lead), Ascension, Koro Capital | news.google.com |
| 2026-10-15 | — | £1.2M | OpenAI (backer) | news.google.com |
| — | Y Combinator Winter 2023 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-17.