CodeRabbit Secures $60M Funding, Valued at $550M for AI Code Review
Summary
CodeRabbit, the AI-powered code review startup, secures $60M in Series B funding at a staggering $550M valuation, fueling its rapid 20% monthly growth and $15M annual recurring revenue as it revolutionizes code quality assurance for companies worldwide.
Key Points
- CodeRabbit raises $60M in Series B funding, valuing the 2-year-old AI code review startup at $550M
- The startup helps companies save time on code review by identifying bugs and providing feedback on AI-generated code
- CodeRabbit is growing 20% monthly and making over $15M in annual recurring revenue, attracting investors like Scale Venture Partners and Nvidia's venture arm