Qodo, a Tel Aviv, Israel-based generative AI code integrity platform, has raised $40 million in Series A funding, bringing its total funding to $50 million.
Investors
The oversubscribed round was led by Susa Ventures and Square Peg, with additional contributions from Firestreak Ventures, ICON Continuity Fund, and seed investors TLV Partners and Vine Ventures.
Founded in 2013, Susa Ventures is a venture capital investment firm that invests in a growing family of dreamers and builders. Based in San Francisco, California, the firm prefers to invest in early-stage companies operating in the enterprise software, financial technology, healthcare, consumer technology, logistics, and frontier technology sectors.
Square Peg is a venture capital firm founded in 2012 in Sydney, Australia, that supports founders in shaping the future by combining local expertise with a global network. The firm backs founders from Australia and New Zealand, Southeast Asia, and Israel, tackling significant challenges in AI, fintech, and SaaS.
Qodo Use of Funds
The company will use the funding to expand its platform.
About Qodo
Founded by Itamar Friedman and Yonatan Sela, Qodo, formerly known as CodiumAI, is a generative AI code integrity platform designed to enhance the quality and reliability of software development. The platform integrates agentic AI into popular development environments such as IDEs, git platforms, and command-line interfaces (CLIs), facilitating intelligent code generation, testing, and thorough code reviews. Qodo's offerings include features for intelligent code generation, automated testing, documentation, and adherence to coding standards. Qodo's solutions have already been used by over 1 million developers, and its enterprise platform has been adopted by industry leaders, including multiple Fortune 100 companies.
Funding Details
Company: Qodo
Raised: $40.0M
Round: Series A
Funding Date: September 2024
Lead Investors: Susa Ventures, Square Peg
Additional Investors: Firestreak Ventures, ICON Continuity Fund, TLV Partners, Vine Ventures
Company Website: https://www.qodo.ai/
Software Category: AI Coding
Source: https://www.prnewswire.com/news-releases/qodo-formerly-codiumai-raises-40m-amid-strong-adoption-of-its-quality-focused-ai-coding-platform-302262380.html