Code Climate Raises $50M in Series C Funding
September 01, 2021

Code Climate 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.

“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.” said Bryan Helmkamp, CEO & Co-Founder of Code Climate.

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.

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