Qodo, an emerging AI-powered code review platform, announced today that it has secured $40 million in Series B funding to expand its automated code analysis capabilities. The investment round was led by Sequoia Capital, with participation from existing investors Accel and Y Combinator.
The San Francisco-based startup has developed an AI system that helps software developers identify and fix bugs, security vulnerabilities, and quality issues in their code before deployment. By scanning code in real-time as developers write it, Qodo catches potential problems early in the development process.
"We're building technology that acts like an expert programmer looking over your shoulder, pointing out issues and suggesting improvements," said Sarah Chen, CEO and co-founder of Qodo. "Our AI can analyze code 50 times faster than manual review processes."
The company's tool integrates directly into popular development environments like Visual Studio Code and GitHub, providing instant feedback through inline suggestions and detailed explanations of detected issues. Early adopters report cutting their code review time by up to 70%.
Major tech companies including Adobe, Shopify, and Stripe have already incorporated Qodo into their development workflows. The platform currently supports most mainstream programming languages including Python, JavaScript, Java, and C++.
With the new funding, Qodo plans to enhance its AI models to detect more complex code patterns and expand its language support. The company will also grow its team of 45 employees, with a focus on AI researchers and developer experience specialists.
The code review automation market is expected to reach $2.4 billion by 2025 as more organizations seek to improve their software development efficiency. Qodo faces competition from established players like SonarQube and emerging AI-powered alternatives.
Despite the crowded market, investors remain bullish on Qodo's prospects. "Their AI technology demonstrates an unprecedented understanding of code context and developer intent," said Mike Thompson, partner at Sequoia Capital. "We believe they're well-positioned to become the industry standard for automated code review."
The latest funding brings Qodo's total investment to $52 million since its founding in 2021. The company expects to release major platform updates in Q3 2024.
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