– SWITZERLAND, Zurich – DeepCode, the platform for AI-powered code reviews, today announced that it has raised $4 million in seed funding led by Earlybird, with participation from 3VC and existing investor btov Partners. DeepCode has previously raised CHF1.1 million.
“We appreciate having investors that fully understand the opportunities for AI and machine learning in software development,” said Boris Paskalev, CEO and co-founder of DeepCode. “Knowledge gained from open source software helps developers write clean and secure code in a fraction of the time that it would normally take.”
DeepCode brings knowledge of the global development community to every software developer. The bot uses machine learning to process millions of commits in open source software projects and learns how to find serious coding issues. Because the platform determines the intent of the code—and not only the syntax mistakes—DeepCode identifies many more critical bugs and vulnerabilities than other tools.
The bot is now free for enterprise teams of up to 30 developers, open-source software, and educational use. Developers get started by connecting DeepCode with their GitHub or Bitbucket accounts. No configuration is required: DeepCode immediately starts reviewing each commit and identifies issues in seconds.
DeepCode is a spin-off of ETH Zurich, which is known as the MIT of Europe. Members of the founding team previously worked at Google and IBM, and they have developed 30 patents and hundreds of research papers related to program analysis, security, AI, and machine learning. DeepCode is used by developers worldwide for personal projects, enterprise software, and everything in-between.
“For all industries and almost every business model, the performance and quality of coding have become key. DeepCode provides a platform that enhances the development capabilities of programmers,” said Christian Nagel, partner and co-founder of Earlybird. “The team has a deep scientific understanding of code optimization and uses artificial intelligence to deliver the next breakthrough in software development.”
DeepCode uses AI to learn from open source software and help developers write better code. By determining the intent of the code—and not only the syntax mistakes—DeepCode identifies many more critical bugs and vulnerabilities than other tools.
For more information, visit www.deepcode.ai.
Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources but also strategic and operational support as well as access to an international network and capital markets. Earlybird manages different funds with focuses on digital technologies in Eastern and Western Europe as well as health technologies.
With over EUR 1 billion under management, seven IPOs and 24 trade sales, Earlybird is one of the most successful venture capital firms in Europe.
For more information: www.earlybird.com
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