Codegen, a San Francisco, CA-based company applying advancements in AI to build level-5 coding automation, closed a $16 million seed funding.
SaaS Investors
The round was led by Thrive Capital, with participation from notable angel investors including Quora CEO Adam D’Angelo and Instagram co-founder Mike Krieger.
Founded in 2009, Thrive Capital is a venture capital firm based in New York, New York. The firm seeks to invest in companies operating in the Internet, software, and technology sectors.
Codegen Use of Funds
The company will use the funds to scale its workforce and support its infrastructure.
About Codegen
Codegen is a developer of a coding automation tool designed to automatically create a pull request. Codegen is focused on leveraging large language models (LLMs) like GPT-4 to automate software engineering tasks. The platform aims to make developers more productive by translating natural language requests into code. The core product of Codegen is a cloud and on-premises tool that connects to codebases and project management boards like Jira and Linear. It automates the generation of pull requests to address support tickets, and the platform claims to provide a higher level of automation in executing entire tasks on behalf of developers.
Funding Details
Company: Codegen, Inc.
Raised: $16.0M
Round: Seed Round
Funding Month: November 2023
Lead Investors: Thrive Capital
Additional Investors: Adam D’Angelo and Mike Krieger
Company Website: https://www.codegen.com/
Software Category: AI-Assisted Code Development Platform
Source: https://techcrunch.com/2023/11/16/codegen-raises-new-capital-llm-automation-for-software-dev/