Qodo, a platform that uses AI to review code and manage development processes, has raised US$70 million in a Series B funding round. This brings the company’s total funding to $120 million.
The round was led by Qumra Capital, with participation from investors like Maor Ventures, Phoenix Venture Partners, S Ventures, Square Peg, Susa Ventures, TLV Partners, Vine Ventures, Peter Welender (OpenAI), and Clara Shih (Meta).
Qodo’s platform uses AI to test code and help developers build high-quality and reliable software faster. It also makes sure teams follow company rules and standards while developing.
Its latest version, Qodo 2.2, has smarter features that understand the context of the code better. It uses multiple AI agents and learns from past code and decisions. The platform gives clear and useful feedback that developers can quickly apply, while avoiding unnecessary suggestions.
“The cost of writing code has dropped significantly, but that doesn’t mean the code meets the standards organizations can trust, in fact, it often doesn’t. This created a new bottleneck around testing and validating code against company requirements,” CEO and co-founder, Itamar Friedman.
“The problem we are solving is widely recognized, including in high-profile failures like CrowdStrike. We act as a second brain for developers when it comes to quality. Companies that want to move fast with AI need this layer, otherwise they risk deploying unreliable software.”
“In our early stages, we focused mainly on startups. Today, we are working with major global companies. We’ve recently signed significant agreements with companies like Nvidia, Walmart, and Box, and our revenue has grown tenfold over the past year.
“This funding comes at a time when our category is being defined. We aim to lead it. We plan to invest heavily in sales and continue building a strong development center in Israel, despite current challenges, while further advancing our platform.”
Founded in 2018 by Friedman(CEO) and Dedy Kredo(CPO), Friedman was previously a director at Alibaba Group and also co-founded Visualead, where he worked as CTO before Alibaba acquired the company.
Kredo worked as VP of Customer Data Science at Explorium and earlier managed a product line at VMware.
Through their experience, they saw how difficult it is to check if code matches product requirements, which led them to build a complete solution to solve this problem.
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