Code Intelligence, a Bonn, Germany-based automated security testing platform, announced that it raised $12 million (11M€) in Series A funding.
The round was led by Tola Capital and Investment from the CEO of Github, Startup Helps Developers Ship Secure Software Tola Capital. This round is joined by existing investors LBBW, OCCIDENT, Verve Ventures, HTGF, and Thomas Dohmke, CEO of Github.
With the new capital, Code Intelligence will invest heavily in product development to create a unified workflow to set up, debug and manage testing pipelines straight from the codebase, command line, or an integrated development environment (IDE).
Company: Code Intelligence
Raised: $12.0M
Round: Series A
Funding Month: June 2022
Lead Investors: Tola Capital
Additional Investors: LBBW, OCCIDENT, Verve Ventures, HTGF, and Thomas Dohmke
Company Website: https://www.code-intelligence.com/
Software Category: Software Security Platform
About the Company: Based in Germany and founded in 2018 by Sergej Dechand, Khaled Yakdan, and Matthew Smith, Code Intelligence is an automated software security platform that helps developers ship more secure code. Code Intelligence enables companies to simplify their software testing processes. Our solution - the CI Security Suite - enhances security testing efficiency for experts and enables developers without IT security expertise to perform continuous automated security and reliability tests. In this way, the development process can be accelerated and continuous quality management can be realized. Code Intelligence, headquartered in Bonn, Germany, supports companies such as Google, Continental, and Deutsche Telekom in the efficient and cost-effective use of state-of-the-art application security testing technologies such as coverage-based fuzzing.
Source: https://www.prnewswire.com/news-releases/automated-software-testing-platform-code-intelligence-raises-12-million-in-series-a-funding-301558759.html