Bloomberg reports that CodeRabbit, an AI-powered code review platform, has completed a $143 million fundraise at a company valuation of $1.5 billion. The round was co-led by Atomico and Smash Capital, with BMW i Ventures, Datadog and other investors joining in. Cumulative funding for CodeRabbit now tops $200 million. The platform employs artificial intelligence to automatically review software code, aiming to help developers find code defects, security risks and potential problems. Its product reviews both AI-generated and human-written code during the development process, then provides developers with direct feedback and suggestions for improvement.
AI code review platform CodeRabbit has pulled in a $143 million funding round, Bloomberg reported, pushing the company to a $1.5 billion valuation. Atomico and Smash Capital co-led the round. BMW i Ventures, Datadog, and others joined in too. That brings the company's total funding to more than $200 million.
CodeRabbit uses AI to review software code automatically. Simple idea. Useful one. It helps developers catch code defects, security risks, and other possible issues. The product sits inside development workflows, checks both AI-generated code and human-written code, and sends feedback and improvement suggestions back to developers.
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