Emergence Capital and Pace Capital led a $32m Series A round in Cline.

Emergence Capital, a venture capital firm, and Pace Capital, a pre-consensus investment firm, led a $32m Series A round in Cline, an open-source AI coding agent designed for developers, with participation from 1984 Ventures, Essence VC, Cox Exponential. "Cline's unique approach to agentic coding, built on a foundation of open-source transparency, is a paradigm-shift for enterprises seeking to harness the unrestricted power of agentic AI," Yaz El-Baba, Emergence Capital Partner.