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Innovative platform automates code reviews, enhancing code quality and saving developers time
CodeRabbit, an AI-powered platform transforming the code review process, announced today it has completed a $16 million Series A funding round. Led by CRV, the round also included participation from Flex Capital, Engineering Capital and prominent angel investors, including Olivier Pomel, CEO of Datadog (another CRV backed business).
CodeRabbit's platform automates code reviews by utilizing advanced AI reasoning, which comprehends the intent behind the code and delivers actionable, "human-like" feedback. Traditional static analysis tools and linters are rule-based and often generate high false-positive rates, while peer reviews are time-consuming and subjective. The company’s AI-first approach improves code quality and significantly reduces the manual effort required in the code review process.
CodeRabbit has gained mainstream adoption in the developer community, with a strong presence in open-source projects and usage across organizations of all sizes and verticals. Initially gaining traction in the SMB and mid-market segments and having onboarded more than 600 paid organizations within a year of launch, the company is now expanding into the large enterprise market and is currently testing self-hosted versions of its platform and is conducting proof-of-concept (PoC) trials with several Fortune 500 companies.
The Series A funding will support CodeRabbit’s expansion of product offerings and integrations, including enhanced security and vulnerability analysis capabilities, deeper integrations with platforms like Jira and Slack as well as AI-driven analytics and reporting tools to boost developer productivity and code quality. The platform will also introduce advanced AI automation for dependency management, code refactoring, unit test generation and documentation generation.
CodeRabbit was founded by Harjot Gill, a serial entrepreneur with a history of successful ventures, including co-founding FluxNinja and Netsil, which was acquired by Nutanix. Co-founder Gur Singh is a seasoned engineering leader with extensive experience building SaaS products in the healthcare sector, having led engineering and product teams at Alegeus.
"We are excited to have the support of such a distinguished group of investors," said Harjot Gill, co-founder and CEO of CodeRabbit. "This investment will enable us to accelerate our product development and expand our market presence, bringing our revolutionary AI-powered code review platform to more developers and organizations worldwide."
CRV, a leading venture capital firm known for investing in early stage companies, recognizes the potential of CodeRabbit’s innovative solution. "CodeRabbit is setting a new standard for code reviews with its AI-driven platform," said Reid Christian, General Partner at CRV. "Their technology is a game-changer, improving both the efficiency and reliability of code reviews across the software development industry."
In addition to research and development, CodeRabbit is investing in go-to-market functions to accelerate customer acquisition and revenue growth. The company is expanding its sales and marketing teams and enhancing community and developer relations to drive organic growth. Investments in customer success and support functions will ensure a delightful customer experience, driving customer retention and expansion.
For more information about CodeRabbit and its AI-powered code review platform, please visit www.coderabbit.ai.
About CRV
CRV is a venture capital firm that invests in early-stage startups. Since 1970, the firm has invested in more than 600 startups at their most crucial stages, including Airtable, DoorDash and Vercel. Founders need more than capital to build a great company. It takes a partner who understands the entrepreneurial journey and knows what it takes to win. From founding to IPO and beyond, CRV is there every step of the way. Founders rely on CRV to be trusted, long-term, committed partners, which has helped make CRV into one of the longest-running venture capital firms in the world. Learn more about CRV and the companies shaping the future at https://www.crv.com.
About CodeRabbit
CodeRabbit is an AI-powered platform that automates code reviews, saving developers time and effort while improving the quality of their code. By leveraging advanced AI technology, CodeRabbit provides actionable, "human-like" feedback, transforming the code review process for development teams worldwide.
Contact: Debra Loew, CRV
[email protected]; 917.612.2325