CodeScene, a Malmö, Sweden-based SaaS company that specializes in Software Engineering Intelligence (SEI), announced that it secured €7.5 million in funding.
The round was led by Neqst, with participation from CodeScene CEO/co-investor Hamdija Jusufagic, Luminar Ventures, and Inventure.
The injection of capital will enable CodeScene to further enhance its cutting-edge technology, expand its customer base, and solidify its position as a leader in the Software Engineering Intelligence space.
“We are thrilled to have Neqst, Luminar Ventures and Inventure on board as investors,” said Hamdija Jusufagic, CEO of CodeScene. “The investors’ conviction in our unique approach to Software Engineering Intelligence validates the impact and value we provide to our customers worldwide. This investment will help us increase growth and presence in our current top five markets USA, Germany, United Kingdom, Netherlands and India. Furthermore, we can continue to redefine how software development teams optimize their codebases and secure delivery of high-quality software.”
CodeScene’s groundbreaking platform utilizes advanced patented algorithms and artificial intelligence to provide developers with actionable insights into their codebases.
Unlike regular code analysis tools, CodeScene’s analyzes are automatically adapted to each customer and the recommendations are personalized by how their software organization works. This helps teams identify technical debt, optimize software architecture, and improve overall code quality.
Company: CodeScene AB
Funding Month: August 2023
Lead Investors: Neqst
Additional Investors: Hamdija Jusufagic, Luminar Ventures, and Inventure
Company Website: https://codescene.com/
Software Category: Automated Testing Software
About the Company: CodeScene is a SaaS company that specializes in Software Engineering Intelligence (SEI). CodeScene collaborates with universities and scientists all over the world, and through its patented algorithms and peer-reviewed research CodeScene’s Code Health score offers the only source code metric with a proven business impact. This combination empowers organizations to improve collaboration, speed to market, and code quality while reducing business risk in the process. Currently, CodeScene has users in over 75 countries.