Israeli artificial intelligence code-checking startup Qodo announced today that it has raised $40 million in new funding to do further development on its platform for improving code integrity and reliability.
Founded in 2022 as CodiumAI Ltd., Qodo says its service focuses on enhancing the quality and reliability of software development through the use of AI and a suite of tools that integrate into the software development lifecycle. The company’s platform is designed to assist developers by providing intelligent code generation, testing, reviews and documentation.
The service seeks to address the issue in the software development landscape where the rise of AI in code generation is rapidly being embraced thanks to its advantages but there has also been a rise in concerns around code quality and a lack of necessary safeguards for successful enterprise-level implementation. Qodo argues that as more code is AI-generated, ensuring reliability becomes even more critical to prevent potential bugs that could impact millions of users.
Qodo takes an approach to AI-empowered software development that places a strong emphasis on code quality and reliability. The company’s platform integrates agentic AI into the environments where developers work, including popular integrated development environments, version control platforms such as Git and command-line interfaces. Qodo assists with intelligent code generation, testing, thorough reviews and documentation to prioritize quality throughout the development lifecycle.
“As we shift toward AI-native code development, success won’t come from rushing to automate everything,” said co-founder and Chief Executive Itamar Friedman. “Instead, we need to carefully integrate AI tools to enhance human expertise, focusing on quality and adaptability rather than just speed. Through comprehensive testing and reviewing, embedded into each stage of the software development lifecycle, we will be able to rely on AI agents as an integral part of the team, dramatically reducing fear of bugs or hallucinations.”
Since launching its TestGPT platform in March 2023, Qodo has seen strong growth and is now being used by more than 1 million developers. Notable companies using Qodo’s services include Intel Corp., Nexxen Technologies Inc., Melio Payments Inc., Percepto Robotics Inc. and Loft Holdings Inc.
Susa Ventures and Square Peg Capital Pty. Ltd. co-led the Series A funding round, with Firestreak Ventures, ICON Continuity Fund LP, TLV Partners Ltd. and Vine Ventures also participating. Including the new funding, Qodo has raised $50 million to date.