Zencoder buys Machinet to challenge GitHub Copilot as AI coding assistant consolidation accelerates

Join our daily and weekly newsletters for the latest updates and exclusive content on industry-leading AI coverage. Learn More Zencoder announced today the acquisition of Machinet, a developer of context-aware AI coding assistants with more than 100,000 downloads in the JetBrains ecosystem. The acquisition strengthens Zencoder’s position in the competitive AI coding assistant landscape and expands its reach among Java developers and other users of JetBrains’ popular development environments. The deal represents a strategic expansion for Zencoder, which emerged from stealth mode just six months ago but has quickly established itself as a serious competitor to GitHub Copilot and other AI coding tools. “At this point, there are three strong coordination products in the market that are production grade: it’s us, Cursor, and Windsurf. For smaller companies, it’s becoming harder and harder to compete,” said Andrew Filev, CEO and founder of Zencoder, in an exclusive interview with VentureB ... Read full article.