May 11 2 min read

Announcing Code Climate’s $8.5M Series B

Announcing Code Climate’s $8.5M Series B

Bryan
Helmkamp

We’re building the first single source of truth for software development organizations to help them achieve engineering excellence.

Today we’re thrilled to announce that Code Climate has raised $8.5M in Series B funding, led by Foundry Group with Union Square Ventures, NextView Ventures, Lerer Hippeau Ventures, and Trinity Ventures participating. This marks a major milestone for us as we work toward our mission of empowering engineering teams to achieve excellence with data.

In the past few years, there has been a transformation within the software engineering discipline. Driven by DevOps, and then Continuous Delivery, we’ve seen innovative companies, like Google and GitHub, start using data to better understand and improve the speed, efficiency and stability of their work.

Code Climate has come a long way in delivering actionable, data-driven insights to engineering organizations. Since we’ve launched Velocity, our Engineering Intelligence application, in 2018, we’ve helped hundreds of companies like Gusto, BBC, and Condé Nast ship features 20% faster, and in the last year alone, we’ve seen Velocity revenue grow over 300%. We’re grateful to be part of such an exciting movement that empowers engineering organizations to accelerate innovation and drive business results.

“No one doubts the significance of innovation speed—but also no one measures it,” told us Lindel Eakman from the Foundry Group. “Code Climate’s Velocity finally gives organizations a clear path to achieving engineering excellence and winning markets.”

What’s Next

With this momentum, we’ll be using this funding to further invest in our Engineering Intelligence products. We’re aiming to:

  • Empower as many teams as possible with data-driven insights. We’re now offering Velocity completely free (forever) for every front-line engineering manager. We seek to help create a new generation of thoughtful, data-driven engineering leadership.
  • Deliver our open, extensible Engineering Data Platform that connects information across DevOps systems for higher-order insights, such as the effect of incidents on feature shipment, or the impact of refactoring on application performance.
  • Expand Velocity integrations and AI-powered insights to include maintenance and test coverage data from Quality, as well as data from issue tracking systems, CI/CD tools, and incident alerting software.

With these investments, we’re developing Code Climate into the first single source of truth for engineering departments. Our vision is a world in which Engineering drives innovation through trust, alignment and efficiency.

We have a lot of work left to do—and there are many more teams we’d like to introduce to Velocity. We’re grateful for all of the feedback from our Quality and Velocity customers, and we can’t wait to move into the next phase of growth with all of you.


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