CodeScene – an innovative Software as a Service (SaaS) company specializing in Software Engineering Intelligence (SEI) – recently announced it has successfully raised €7.5 million in funding. Neqst led this funding round.
The company’s platform utilizes advanced patented algorithms and artificial intelligence to provide developers with actionable insights into their codebases. And unlike regular code analysis tools, CodeScene’s analyses are automatically adapted to each customer and the recommendations personalized by how their software organization works.
This platform helps teams identify technical debt, optimize software architecture, and improve overall code quality. And to guarantee tangible outcomes, these insights are combined with the industry’s only source code metric with a proven business impact. This approach has gained widespread recognition and is an essential tool for software development teams worldwide and CodeScene has users in over 75 countries.
This funding round will enable CodeScene to further enhance its cutting-edge technology, expand its customer base, and solidify its position as a leader in the Software Engineering Intelligence space. And Neqst’s decision to lead the financing round is a testament to the firm’s belief in CodeScene’s unique approach and its potential to disrupt the software development landscape.
The commitment and co-investment from the CEO of CodeScene strengthens that belief. And the continued support from Luminar Ventures and Inventure demonstrates their confidence in CodeScene’s vision and the value it brings to software development teams.
KEY QUOTES:
“We are thrilled to have Neqst, Luminar Ventures and Inventure on board as investors.”
“The investors’ conviction in our unique approach to Software Engineering Intelligence validates the impact and value we provide to our customers worldwide.”
“This investment will help us increase growth and presence in our current top five markets USA, Germany, United Kingdom, Netherlands and India. Furthermore, we can continue to redefine how software development teams optimize their codebases and secure a delivery of high-quality software.”
― Hamdija Jusufagic, CEO of CodeScene
