Sourcegraph adds Andrew Reed to its Board along with raising $50m Series C funding led by Sequoia Capital

– USA, CA –  Sourcegraph, the leader in Universal Code Search, today announced that it has secured $50 million in Series C funding led by Sequoia Capital, bringing the total raised to date to $98 million.

Sourcegraph also announced that Andrew Reed, partner at Sequoia, has joined the Board of Directors.

Sourcegraph will use the new funds to address the increasing demand for Universal Code Search, empowering developers to better manage the challenges of Big Code.

“We’ll use this additional funding to ensure long-term independence and make Universal Code Search an even more powerful tool for developers everywhere,” said co-founder and CEO, Quinn Slack. “We plan to invest $10M into code intelligence for deeper analysis of the top 40 programming languages, $20M into a secure and scalable Sourcegraph Cloud for large enterprises, and make similar-sized investments into code insights and campaigns.”

Big Code is one of the most pressing innovation blockers facing developers and enterprise brands today. According to a recent survey, 94 percent of developers are personally affected by the phenomenon. As code continues to grow rapidly in volume, variety, velocity, and value, companies’ speed of innovation becomes more and more dependent on developers’ ability to efficiently manage code across large, complex codebases. Sourcegraph’s Universal Code Search improves developer productivity with critical code navigation and contextual code intelligence that integrates with any stack, providing a single place to find, update, patch, or share code across repositories, languages, tools, and platforms.

“Every company is facing Big Code problems, and Universal Code Search is the common solution. Sourcegraph has built a beloved product and is the emerging market leader in code search,” said Andrew Reed, partner at Sequoia. “Sourcegraph’s Universal Code Search essentially serves as ‘Google for developers,’ empowering engineering teams to quickly traverse massive codebases and find and analyze the impact of specific lines of code. Sourcegraph is a must-have productivity tool for all developers and will become the system-of-intelligence for code.”

About Sourcegraph

Sourcegraph helps companies solve Big Code problems so developers can innovate faster. Sourcegraph’s Universal Code Search is the only solution that empowers developers to easily find and understand code and fix problems across the entire codebase. Companies using Sourcegraph benefit from accelerated software iteration, improved code quality, faster bug fixes, and incident response times, more effective remote coding collaboration, safer legacy code deprecation, better coding insights, and more. Sourcegraph’s customers include many of the world’s leading companies, such as Amazon, PayPal, Uber, Lyft, Yelp, Atlassian, and Indeed. The all-remote company is backed by Sequoia Capital, Craft Ventures, Redpoint Ventures, and Goldcrest Capital.

For more information: https://www.sourcegraph.com

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Talent4Boards Team