Qodo raises $40 million to develop AI-based code integrity solutions

Israeli AI code checking startup Qodo announced today that it has raised $40 million in new funding to further develop its platform to improve code integrity and reliability.

Founded in 2022 as CodiumAI Ltd., Qodo says its services focus on improving the quality and reliability of software development through the use of artificial intelligence and a set of tools that integrate with the software lifecycle. The company’s platform is designed to help developers by providing intelligent code generation, testing, reviews, and documentation.

The service aims to address a problem in the software development environment where, thanks to its benefits, the advancement of artificial intelligence in code generation is rapidly being recognized, but concerns have also increased regarding code quality and the lack of necessary safeguards to ensure the successful operation of the enterprise. level implementation. Qodo argues that as AI generates more code, ensuring reliability becomes even more important to prevent potential errors that could impact millions of users.

Qodo takes an artificial intelligence approach to software development, placing great emphasis on code quality and reliability. The company’s platform integrates agent-based AI into the environments where developers work, including popular integrated development environments, version control platforms such as Git, and command-line interfaces. Qodo helps with intelligent code generation, testing, thorough reviews and documentation to prioritize quality throughout the development lifecycle.

“As we move toward AI-native code, success will not come from rushing to automate everything,” said co-founder and CEO Itamar Friedman. “Instead, we need to carefully integrate AI tools to enhance human expertise, focusing on quality and adaptability, not just speed. With comprehensive testing and reviews built into every stage of the software lifecycle, we will be able to rely on AI agents as an integral part of the team, dramatically reducing the fear of errors or hallucinations.

Since the launch of the TestGPT platform in March 2023, Qodo has seen significant growth and is currently used by over one million developers. Well-known companies using Qodo services include Intel Corp., Nexxen Technologies Inc., Melio Payments Inc., Percepto Robotics Inc. and Loft Holdings Inc.

Susa Ventures and Square Peg Capital Pty. Ltd. co-led the Series A financing round, which also included participation from Firestreak Ventures, ICON Continuity Fund LP, TLV Partners Ltd. and Vine Ventures. Including the new funding, Qodo has raised $50 million to date.

Image: Qodo