CodeRabbit secures $16 million in funding led by CRV.CodeRabbit Inc., a generative artificial intelligence startup, has secured $16 million in early-stage funding. The startup’s AI-based tool reviews codes for programmers working like human colleagues for software developers.
The Series A funding round carried out today was led by CRV. Other participants included Engineering Capital and Flex Capital, along with some angel investors, including the co-founder and CEO of DataDog Inc., according to a report by SiliconAngle.
CodeRabbit can provide continuous reviews during codewriting
CodeRabbit’s generative AI-based code review tool works on the go, reviewing the code as developers write it. The process is the same as having a human co-developer for review. The company’s tool is able to provide feedback on requests within minutes, according to the report.
The startup says its tool can provide continuous reviews as developers proceed with the code-writing process, as the tool can be integrated with GitLab and GitHub. The startup claims that the tool helps reduce time and effort as compared to manual reviews.
According to the report, the tool can sense the intent of the code through its context and can identify its present or potential shortcomings. The tool analyzes each part of the code through machine learning algorithms and suggests changes for improvements as per coding standards.
The startup claims that its tool is comparatively better than static systems at reviewing codes. The firm explains that these tools are less reliable and not as flexible as they are rules-based. It is a known fact that the false positive rate of static tools is quite high.
According to the report, human reviews are also subjective, time-consuming, and not always reliable. CodeRabbit claims it can improve code quality while saving resources.
The startup is looking to expand its market presence
CodeRabbit’s co-founder and CEO, Harjot Gill, has previously led startups such as Netsil and FluxNinja. Another co-founder of CodeRabbit, Gur Singh, also led product and engineering teams at Alegeus Technologies.
Gill said in a statement,
“This investment will enable us to accelerate our product development and expand our market presence,” Source: CodeRabbit.
He added that he is thrilled to gain the backing of such investors and that their support will help in bringing their AI-based code review tool to more developers around the world.
CodeRabbit said its solutions were first adopted by small and medium-sized businesses across the mid-market segment as it secured 600 paying customers during its first year of operations. The startup said it now wants to enter the large enterprise segment, and currently, it is conducting proof of concept trials with some of the Fortune 500 companies.
There are other tools and platforms that provide AI-powered code analysis, such as Synk, which is another AI-based tool that integrates a range of platforms and is capable of scanning code during the development process.
