Codeium, a startup specializing in AI code completion, has achieved unicorn status with a valuation of $1.25 billion following a successful Series C funding round. The company raised $150 million, contributing to a broader trend where 42% of newly minted unicorns in the first half of the year were AI companies. Codeium, which launched its first AI autocomplete assistant two years ago, has seen significant growth despite initially offering limited features. The funding landscape for AI in coding is particularly active, with Magic AI Labs also securing a substantial investment of $320 million to build large language models for coding. In total, $1.6 billion was raised in the AI sector recently.