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

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

CodiumAI Ltd. in 2022. Founded as Qodo, it says its service focuses on improving the quality and reliability of software development using artificial intelligence and a suite of tools that integrate into the software development lifecycle. The company’s platform is designed to assist developers by providing intelligent code creation, testing, review and documentation.

The service aims to address the problem in the software development environment, where the rise of artificial intelligence in code creation is being rapidly adopted due to its advantages, but at the same time, concerns about code quality are increasing and the necessary measures are not taken for successful initiative. level of application. Qodo argues that as the amount of code generated by AI increases, ensuring reliability becomes even more critical to prevent potential errors that could affect millions of users.

Qodo adopts an AI-powered software development approach that places a strong emphasis on code quality and reliability. The company’s platform integrates agency AI into the environments where developers work, including popular integrated development environments, version control platforms like Git, and command-line interfaces. Qodo helps with intelligent code creation, testing, comprehensive reviews, and documentation to prioritize quality throughout the development lifecycle.

“As we move toward developing AI-specific code, success will not come from rushing to automate everything,” said Itamar Friedman, co-founder and Chief Executive Officer. “Instead, we need to carefully integrate AI tools to leverage human expertise by focusing on quality and adaptability rather than just speed. With extensive testing and reviews incorporated into every stage of the software development lifecycle, we will be able to rely on AI agents as an integral part of the team and prevent errors or “We will be able to significantly reduce the fear of hallucinations.”

Since launching the TestGPT platform March 2023Qodo has seen strong growth and is now used by over 1 million developers. Notable companies using Qodo’s services include Intel Corp., Nexxen Technologies Inc., Melio Payments Inc., Percepto Robotics Inc. and Loft Holdings Inc. There are.

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

Image: Qodo