Chainfir Capital sees AI coding boom driving demand for verification infrastructure

• Chainfir Capital’s analysis sees AI-driven code growth boosting demand for verification infrastructure, with metered, auditable revenue supporting valuations.
• Blacksmith announced a $66 million Series C led by Sequoia Capital on October 23 at a $1 billion valuation.
• Weekly CI jobs increased from 5 million in January 2026 to over 90 million; annual recurring revenue grew 17-fold.
• Those company-reported growth figures contrast with Flapping Airplanes’ $6 billion valuation despite having no shipped product or disclosed revenue.
• Blacksmith’s margins depend on compute utilization; its nearly 10-megawatt footprint is set to expand at least fivefold in 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Chainfir Capital published the original content used to generate this news brief on October 25, 2026, and is solely responsible for the information contained therein.