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Backed by $5.7 million, cto.new offers the best AI models with intelligence across every developer tool, now accessible to all
San Francisco, CA – WEBWIRE – Wednesday, October 15, 2025
Engine Labs today introduced cto.new, the worlds first completely free AI code agent. The company also announced $5.7 million in pre-seed and seed funding from Kindred Ventures, PROfounders Capital, Wonder Ventures, and Entrepreneurs First. Cto.new, the companys free AI coding agent, combines the worlds most popular LLMs, including OpenAIs GPT-5 and Anthropics Claude Sonnet 4.5, with intelligence across a wide range of common workflow tools, and is already used by more than 6,000 developers at companies including Adobe, Docker, Twilio and PwC. It currently ranks ahead of Claude Code and Codex on Terminal Bench, a leading AI code agents benchmark. Watch here: https://youtu.be/97dXmTPG1l8?si=lpd4BC2JY0FeDUWv
Developers Problems: Broken Workflows and Spiraling Costs
Engineering teams today face fragmented and inefficient coding workflows, juggling multiple AI models, tools, and platforms. AI integrations are typically shallow, with little support for real-time collaboration, context-awareness, or workflow continuity. Most tools are built for individual developers rather than teams, forcing engineers to cobble together workflows that dont scale. All this, while costs mount with little oversight. Many engineers are priced out.
Cto.news Solution: The Best AI Models with Intelligence Across Every Developer Tool, Now Accessible to All
Cto.new integrates directly into popular platforms like Linear, Jira, GitHub, GitLab, Slack and more ensuring a smooth workflow for the whole team across the full software development lifecycle. With its unique intelligence, cto.new recently outperformed established leaders like OpenAI, Anthropic and Stanford in Terminal Bench and SWE-bench. Cto.new makes this accessible to all developers, completely free.
Our mission is to empower engineering teams by integrating powerful AI agents into their everyday workflow, eliminating friction, and making the entire software development lifecycle dramatically more affordable, said Simon Spurrier, Founder and CEO of Engine Labs. With a small team, were already outperforming the worlds biggest companies in benchmarks and we plan to continue building with that same intensity into the future.
This is the right product at the right time, said Steve Jang, Founder and Managing Partner at Kindred Ventures. As AI floods into developer tools, the winners will be the ones who go deep on integration, speed, and team workflows. This team has nailed all three.
The funding comes across two rounds, including a $2.2M pre-seed from Kindred Ventures, Wonder Ventures, and Entrepreneurs First and a $3.5M seed round from Kindred Ventures and PROfounders.
Companies can learn more and get started free at https://www.cto.new.
About cto.new
Cto.new is the worlds first completely free AI code agent for software teams. It plans work and ships code in all the tools you already use: Jira, Linear, Slack, and GitHub. Cto.new runs on all leading LLMs, bolstered by proven benchmarks and trusted by thousands of users. Backed by Kindred Ventures, PROfounders Capital, Wonder Ventures, Entrepreneurs First, and Script. Get free access at https://www.cto.new.
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Michael Ludden
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Engine Labs
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