CodeRabbit Raises $60 Million Series B, Valuation Hits $550 Million
- CodeRabbit closed a $60 million Series B round led by Scale Venture Partners, with participation from Nvidia's NVentures and CRV [2][3].
- The company's valuation has risen to $550 million following the funding [2].
- CodeRabbit now has over $88 million in total funding since its founding in early 2023 [2][1].
- The AI-powered code review startup serves more than 8,000 enterprise clients [2].
- Funds will be used for global hiring, product development, and platform expansion [1].
CodeRabbit, an AI-powered code review startup founded by Harjot Gill in early 2023, announced the successful close of its $60 million Series B funding round, increasing its valuation to $550 million.
Details of the Funding Round
The $60 million Series B was led by Scale Venture Partners, with participation from Nvidia's venture arm, NVentures, as well as existing investors including CRV. The latest round brings CodeRabbit’s total funding to $88 million. Andy Vitus, partner at Scale Venture Partners, will join CodeRabbit’s board as part of the deal [1][2][3].
Company Growth and Client Base
Use of Proceeds and Strategic Focus
Proceeds from the Series B will be allocated to accelerating global hiring, further product development, and expanding the platform's capabilities. CodeRabbit's platform is designed to address quality and security concerns arising from the widespread adoption of AI coding assistants like GitHub Copilot [1][2][3].
Technology Approach
CodeRabbit offers context-aware AI code reviews, helping organizations detect bugs, improve security, and deliver reliable software faster. Its platform aggregates multiple layers of code context to improve review accuracy and enable customization for different engineering teams [1].
Companies mentioned
NVIDIA Corporation stands as a prominent provider of advanced graphics, computational, and networking solutions, operating across the United States, Taiwan, China, and numerous international markets. Its Graphics divisi…