Lindsey Adler

We are excited to share news today that we have two new tech industry experts joining our executive leadership team. This continues the incredible momentum we’ve experienced this year after closing our Series C round of funding in August, more than doubling our revenue, and significantly growing our team across the board.

Check out the full details in the Press Release:

Following Series C funding, this expansion of a highly accomplished group of leaders underpins a period of transformative growth.

Code Climate, the leader in Engineering Intelligence, today announced two key strategic hires, naming Rory Parness as CFO and Bill Serino as VP of Sales. These tech industry veterans join Code Climate as the company gains momentum on the heels of a successful Series C round of funding closed in August.

Parness and Serino are the latest additions to a seasoned executive leadership team brought on in 2021. Code Climate has experienced significant expansion over the past year, with revenue up more than 100 percent and headcount nearly doubling.

Parness joins Code Climate from Foursquare, where he served as CFO, leading the finance and operations teams for nearly a decade. Prior to Foursquare, he was the CFO of several companies in the technology, healthcare, and music industries. Over his 30-year career, Parness has helped scale companies to over $500 million in revenue and orchestrate a multi-billion dollar exit. He has also served as an advisor for several tech startups.

Serino brings a wealth of leadership experience to the Code Climate team, most recently from Harbr Data, an enterprise data exchange platform, where he was Global Head of Sales. Serino has extensive experience driving sales growth in multiple verticals in the Fortune 500, having held strategic sales roles at EMC and Oracle, and helping lead a successful IPO for Pivotal Software.  

“As we continue to scale rapidly for a phenomenal period of growth, I’m super excited to welcome Rory and Bill as the latest members of our leadership team,” says Bryan Helmkamp, Code Climate co-founder and CEO. “The enterprise-grade level of experience that they each bring to Code Climate will help propel us to the next level and strengthen our position as the leading Engineering Intelligence company.”

This hypergrowth comes at a time when business and technology leaders must align on a more data-driven approach to decision making. Code Climate is deeply committed to investing in passionate people and innovative solutions to further its mission to build trust with transparency and fuel the next generation of software engineering excellence.

Led by PSG, the investment is aimed at furthering Code Climate’s mission to help engineering leaders align initiatives with strategic priorities, accelerate software delivery, and drive continuous improvement.

Code Climate, a leading Software Engineering Intelligence (SEI) platform, announced today that it has raised $50M in Series C funding. The round was led by PSG and joined by previous investors Union Square Ventures, Foundry Group, Lerer Hippeau Ventures, and NextView Ventures, bringing Code Climate’s total funding to $66M.

Founded in New York City in 2011, Code Climate’s Engineering Intelligence products are trusted by over 1,000 companies from start-ups to enterprises. Their flagship product, Velocity, empowers companies like Faire, Instacart, and Forbes to improve the efficiency of their engineering and product organizations at scale. By transforming data from DevOps and project management tools like Jira into valuable insights, Velocity reduces cycle time and enables teams to ship software faster.

“We’re excited to partner with PSG and build upon our leadership as a Software Engineering Intelligence platform,” said Bryan Helmkamp, CEO & Co-Founder of Code Climate. “This investment will help us further our vision of helping engineering and business executives align engineering initiatives with business priorities, deliver high quality code quickly and consistently, and improve teams’ processes and skills to create a high performing culture.”

Over the past year, Code Climate has experienced continued strong growth, more than doubled its headcount, and brought on an experienced executive leadership team.

“We think Code Climate is well positioned to capitalize on companies’ growing need to gain visibility into their engineering organizations,” said Rich Zajeski, Vice President at PSG. “We believe Code Climate has built a leading platform and team that can address this market need. The value proposition of Code Climate has enormous potential, helping companies maximize their strategic investments in software engineering to bring innovative products to market faster, more consistently, and more efficiently. We are thrilled to have the opportunity to partner with Bryan and the rest of the Code Climate team in their next phase of growth.”

The funding will help Code Climate advance its product vision, extend its sales reach, and scale customer success – furthering its mission of helping engineering align activities with strategic priorities, deliver high quality software, and improve team performance.