CodeRabbit intends to put part of the funds towards expanding its European workforce and moving into the Asian market.
AI code review start-up CodeRabbit, which is backed by Nvidia, has announced a Series C funding round in which the organisation raised $143m, bringing the company to a valuation of $1.5bn. The round was co-led by Atomico and Smash Capital, with participation from new investors including BMW i Ventures, Datadog and Hirtle Callaghan.
Established in 2023, CodeRabbit is headquartered in California and has an additional office in London. The company offers an AI-powered coding tool that enables users to automatically review code as it is being written.
The organisation intends to use the new capital to accelerate its international expansion, as well as advance its research and product development. Reportedly, CodeRabbit plans to expand the Europe-based workforce and extend into Asia, with a particular focus on Japan and Singapore.
Commenting on the announcement, Luca Eisenstecken, a partner at Atomico, who will soon join CodeRabbit’s board of directors, said, “As AI becomes critical infrastructure for the global economy, organisations will increasingly need independent governance layers that can validate software regardless of which model produced it.
