Code 50m Series Psg Usvsawersventurebeat: Code Climate is a software engineering intelligence platform that has just announced $50 million in new funding.
Code Climate was founded in 2011 by Jeff Atwood and Scot Chisholm and the company is based in Toronto, Canada. Code Climate is a code analysis tool which helps developers improve the quality of their code. It provides feedback on how to fix issues efficiently, before they result in errors or bugs later on, often making it easier for developers to focus on what they need to do now rather than quality assurance later down the line. Code Climate is used by some of the biggest names in tech, such as Uber, Yelp, Salesforce and Twilio. Investors in this round include New Enterprise Associates (NEA), First Round Capital and Salesforce Ventures.
The company plans to use the funds to expand its product offerings and increase its market share. “We use Code Climate for all our development, and it’s one of the best tools we’ve found to help us write better code”, said Marc Benioff , CEO of Salesforce. “Code Climate has really helped to improve the quality of the code that my team ships and I’m thrilled to be a part of this investment.”
“Code Climate helps developers spend more time building great products and less time on fixing bugs,” said Jeff Atwood , co-founder, Code Climate. “At a time when the cost of software and infrastructure continues to skyrocket, it’s more important than ever that we focus on building great products that delight our customers.”
Code Climate launched in 2011 and has since expanded to over 50,000 paying customers. The platform is used by companies like Airbnb, BlueCross BlueShield and United Way.
“We’re excited to be working with Jeff and Scot on Code Climate’s continued success,” said Anthony Sales , COO at NEA. “As more and more companies are focused on delivering impactful products, Code Climate can help them write better code and get it to market faster.”
Code Climate has raised $74.6 million from investors including NEA, First Round Capital and Salesforce Ventures. The company will be using the new funding to further its expansion in the US, as well as Europe and Asia.
“The combination of product vision, exceptional growth, a strong team and impressive client list was what attracted us to Code Climate,” said Rob Go , a general partner at NEA. “We’re thrilled to be able to support the company as it continues to grow.”
Code Climate’s investors also include Y Combinator, Bloomberg Beta and CrunchFund.
The company has 65 employees and its clients are found across industries, from financial services to artificial intelligence.