CodeRabbit, a company specializing in code review powered by artificial intelligence (AI), announced on Wednesday (12) that it raised US$ 143 million in a Series C round that valued the company at US$ 1.5 billion.
Atomico and Smash Capital co-led the investment, with participation from BMW i Ventures, Datadog, Hirtle Callaghan, SineWave Ventures and Scenic Management. Existing investors CRV, Scale Venture Partners and Flex Capital also participated. Luca Eisenstecken, a partner at Atomico, will join the board of directors.
CodeRabbit said it will use the funds to accelerate international expansion and product research and development investments. The round comes less than a year after the US$ 60 million Series B and after reporting revenue growth of more than 5 times on a year-over-year basis.
The company says it performs more than 2 million code reviews per week and serves more than 17,000 customers, including Adyen, BMW, Indeed, JFrog and Nvidia.
Governance for AI-generated code
Along with the investment, CodeRabbit launched Agentic Change Management, described by the company as a control layer to govern software created by humans and AI agents. The platform validates changes based on repository context and organizational standards, routes relevant changes to human reviewers and automates low-risk adjustments.
The company also introduced three features: CodeRabbit Triage, which classifies and routes pull requests by value, urgency and risk; CodeRabbit Change Stack, which shows how a change affects the system; and CodeRabbit Security, which continuously examines production code for vulnerabilities and sends fixes via pull request.
CodeRabbit committed more than US$ 10 million to keep AI code review and agent features free for open source projects for the next 12 months. The company opened an office in London and plans to expand into Japan and other Asian markets.
