Moderne, a Miami, FL-based automated code refactoring and analysis company, has raised $30 million in Series B funding.
Investors
The round was led by Acrew Capital, with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures, alongside existing investors Allstate, Intel Capital, Mango Capital, and True Ventures.
Acrew Capital is a venture capital firm founded in 2019 and based in Palo Alto, CA. The firm invests in early- and growth-stage companies focusing on cybersecurity, fintech, AI, and enterprise software across the United States.
Moderne Use of Funds
With this new funding, Moderne will continue expanding its platform capabilities, investing in customer success, and accelerating adoption across enterprises seeking to modernize their codebases.
About Moderne
Founded by Jonathan Schneider and Olga Kundzich, Moderne is a developer platform designed for automated refactoring and analyzing vast codebases. Built on OpenRewrite, an open-source code refactoring ecosystem, Moderne helps enterprises automate large-scale changes across their codebases—covering framework and library migrations, security fixes, and cloud-native upgrades. Moderne serves Fortune 500 companies, including Allstate, Choice Hotels, and Walmart.
Funding Details
Company: Moderne, Inc.
Raised: $30.0M
Round: Series B
Funding Date: February 2025
Lead Investor: Acrew Capital
Additional Investors: Morgan Stanley, Amex Ventures, TIAA Ventures, Allstate, Intel Capital, Mango Capital, True Ventures
Company Website: https://www.moderne.ai/
Software Category: Software Development and Automation
Source: https://www.globenewswire.com/news-release/2025/02/11/3024163/0/en/Moderne-Secures-30M-to-Drive-Billions-in-Enterprise-Code-Modernization-Savings-Based-on-Its-Innovative-Tech-Used-by-AWS-Microsoft-and-Broadcom-AI-Assistants.html