Qodo, formerly known as CodiumAI, announced raising $40 million in a Series A funding round, bringing total funding to $50M. The round, led by Susa Ventures and Square Peg, highlights Qodo’s commitment to AI-driven code integrity solutions. The platform has gained rapid traction among developers and industry leaders, including multiple Fortune 100 companies.
- Funding & Investors
The $40M Series A round was led by Susa Ventures and Square Peg, with participation from Firestreak Ventures, ICON Continuity Fund, and previous investors TLV Partners and Vine Ventures. The funding comes 18 months after Qodo’s exit from stealth mode, marking a major milestone for the company. - Developer Adoption & Enterprise Success
Qodo has been used by over 1 million developers worldwide and has seen its enterprise platform adopted by several Fortune 100 companies. Since launching its enterprise offering in March, Qodo crossed $1M in ARR within three months. - AI’s Role in Software Development
As AI’s capabilities in code generation grow, developers are transitioning to higher-level tasks, leaving code generation to AI agents. However, ensuring the quality and reliability of AI-generated code is critical, especially in large-scale, enterprise-level applications where even small bugs can have widespread impacts. - Qodo’s Code Integrity Platform
Qodo’s AI-powered platform integrates seamlessly into developers’ existing workflows, such as IDEs, git platforms, and CLIs, providing:- AI-assisted code generation
- Automated testing
- Thorough code reviews
- Comprehensive documentation
This focus on code quality at every stage of the development lifecycle ensures that Qodo’s AI agents act as reliable partners in software creation.
- Recognition & Achievements
Qodo has been recognized as a Cool Vendor in AI-Augmented Development and Testing by Gartner and was accepted into the AWS Generative AI Accelerator, underscoring its impact on AI-native code development.
Leadership Vision:
- Itamar Friedman, CEO of Qodo:
“AI tools should enhance human expertise, focusing on quality and adaptability, not just speed. Through comprehensive testing, we can rely on AI agents as essential team members.” - Jenna Zerker, Susa Ventures:
“Qodo’s quality-first approach mitigates risks in AI-driven software development, offering enterprises immediate ROI while unlocking value.”
Innovative Features of Qodo’s Enterprise Platform:
- Context-Aware Code Generation:
Leveraging Retrieval Augmented Generation (RAG) techniques, Qodo provides tailored, context-sensitive code generation, testing, and review processes. - Best Practices Database:
Qodo’s platform integrates a dynamic best practices database, ensuring adherence to each company’s unique coding standards, making the platform highly customizable. - Test-Driven Code Validation:
Qodo employs an automated test-driven process to ensure that generated code is iteratively checked and corrected for accuracy, significantly reducing potential errors.
Qodo’s latest funding round marks a significant step forward in the AI-driven transformation of software development. With a strong focus on code quality and integrity, Qodo is positioned to lead the industry, offering reliable AI-powered solutions that support developers in building scalable, enterprise-grade software.
