Diffblue Raises $8 Million in Funding

by Kay Aloha Villamor November 22nd, 2022

Diffblue, an Oxford, UK-based developer of the world’s first fully autonomous AI-for-code software, announced unique new code-writing capabilities for its Cover product and raised $8 million in new venture funding.

The round was led by AlbionVC, with participation from venture investors IP Group, Parkwalk, Hostplus, and the Oxford Technology and Innovations EIS Fund. To date, Diffblue has raised more than $40 million in venture funding.

“The world faces a huge economic problem: there is far more software to be written than there are people to do it,” said Mathew Lodge, CEO of Diffblue. “Diffblue’s software helps leading financial services, healthcare, and technology companies around the world accelerate their application modernization projects, reduce failures in production, and empowers developers to focus on what they do best – write great code.”

Diffblue Cover includes four key new features built on an enhanced version of Cover Core, the AI engine powering the product’s foundational analysis and test writing capabilities:

1. Diffblue Cover Reports pinpoint unique, actionable insights that allow users to precisely target available resources and improve the quality of their code; 2. Diffblue Cover Optimize slashes the time needed to deliver Java code in CI pipelines, and significantly reduces related costs; 3. Diffblue Cover Refactor suggests and applies changes that improve existing code by making it more testable, automatically increasing test coverage; 4. Diffblue Cover Replay improves software quality by using live production behavior and existing functional tests to create new unit tests.

Company: Diffblue Ltd.

Raised: $8.0M

Round: Venture Funding

Funding Month: November 2022

Lead Investors: AlbionVC

Additional Investors: venture investors IP Group, Parkwalk, Hostplus, and Oxford Technology and Innovations EIS Fund

Company Website: https://www.diffblue.com/

Software Category: Autonomous AI-for-Code Software

About the Company: Founded by researchers from the University of Oxford, Diffblue is the leading pioneer of software created through the power of AI. Diffblue’s first product, Cover, automatically writes tests for Java code to enable development teams to deliver higher-quality software faster. Diffblue Cover uses AI for code to solve the problem of effective unit testing. Capable of writing unit tests 250x faster than a human developer, Cover helps software teams improve code quality, expand test coverage, and increase productivity so they can ship software faster, more frequently, and with fewer defects.

Source: https://www.diffblue.com/news/diffblue-expands-ai-code-writing-platform-raises-8-million/

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