Malmö-based SaaS startup CodeScene has secured an impressive €7.5 Million in its recent funding round, led by Neqst and CEO/Co-investor Hamdija Jusufagic, with ongoing support from Luminar Ventures and Inventure. The startup CodeScene is a behavioral code analysis tool that prioritizes technical debt and code quality by considering a software system’s evolution over time, providing valuable insights and reports for informed decision-making. This funding accomplishment signifies a major milestone for CodeScene, validating its market potential and setting the stage for rapid expansion. The injected funds will further propel CodeScene’s technology, foster customer growth, and solidify its leadership position within the Software Engineering Intelligence sector.
CodeScene’s platform utilizes advanced patented algorithms and artificial intelligence to provide developers with actionable insights into their codebases. Unlike regular code analysis tools, CodeScene’s analyses are automatically adapted to each customer and the recommendations personalized by how their software organization works.
This helps teams identify technical debt, optimize software architecture, and improve overall code quality. To guarantee tangible outcomes, these insights are combined with the industry’s only source code metric with a proven business impact. This innovative approach has gained widespread recognition and is an essential tool for software development teams worldwide, CodeScene have has users in over 75 countries.
Neqst’s decision to lead the financing round is a testament to their belief in CodeScene’s unique approach and its potential to disrupt the software development landscape. Neqst’s partnership will provide CodeScene with valuable expertise, resources, and guidance as the company enters its next phase of expansion. The commitment and Co-investment from the CEO of CodeScene strengthens that belief. Additionally, the continued support of Luminar Ventures and Inventure demonstrates their confidence in CodeScene’s vision and the value it brings to software development teams.
“We are thrilled to have Neqst, Luminar Ventures and Inventure on board as investors,” says Hamdija Jusufagic, CEO of CodeScene. “The investors’ belief in our unique approach to Software Engineering Intelligence validates the impact and value we provide to our customers worldwide. This investment helps us to increase growth and presence on our current top five markets USA, Germany, United Kingdom, Netherlands and India. Furthermore, we continue to redefine how software development teams optimize their codebases and secure a delivery of high-quality software.”
