Qodo Funding, Investors & Competitors

Qodo has raised $121M across 3 funding rounds, most recently a $70M Series B in March 2026.

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Last Qodo funding round

$70M

Series B · Mar 2026

Cumulative funding Qodo raised

$121M

across 3 funding rounds

Key investors in Qodo

  • TLV Partners
  • Susa Ventures
  • Square Peg Capital
  • Vine Ventures
  • Firestreak Ventures
  • ICON Continuity Fund
  • Phoenix Financial
  • Qumra Capital

Qodo Overview

About Qodo

Qodo is a San Francisco-headquartered agentic code integrity platform, formerly CodiumAI, that integrates AI agents for code review, testing, and generation throughout development pipelines. Launched in 2022, it provides context-aware analysis adapting to repository-specific standards, supporting languages like Python, JavaScript, and Java. Qodo connects with GitHub, GitLab, and VS Code, used by engineering teams at companies building scalable software products.


Founded

2022

HQ

IsraelTel Aviv

Website

qodo.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Qodo Funding History

Qodo has raised a total of $121M across 3 funding rounds.

Qodo's first fundraising round was a $11M seed round in March 2023. The most recent completed round was a $70M Series B in March 2026.

Qodo funding rounds

Qodo funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2026Series BQumra Capital (lead); Firestreak Ventures; Susa Ventures; Peter Welinder; S Ventures; ICON Continuity Fund; Maor Investments; Square Peg Capital; TLV Partners; Clara Shih; Phoenix Financial; Vine Ventures$70M-
Sep 2024Series ASquare Peg Capital (lead); Susa Ventures (lead); Firestreak Ventures; ICON Continuity Fund; Vine Ventures; TLV Partners$40MQodo (formerly CodiumAI), a Tel Aviv-based generative AI code integrity platform, develops tools for AI-empowered coding, testing, reviewing, and ensuring code quality in complex enterprise environments. Its solutions include context-aware code generation using Retrieval Augmented Generation (RAG), automated testing, documentation, adherence to coding standards, and features like Qodo Cover, Qodo Merge, and Qodo Gen evolving into a multi-agent system. The platform supports languages such as Python, JavaScript, TypeScript, Java, C++, and Go, with integrations for Visual Studio Code, JetBrains IDEs, GitHub, GitLab, BitBucket, Chrome, and CLI. On September 30, 2024, Qodo raised $40 million in an oversubscribed Series A funding round, led by Susa Ventures and Square Peg Capital, with participation from Firestreak Ventures, ICON Continuity Fund, TLV Partners, and Vine Ventures, bringing total funding to $50 million. The company, which exited stealth 18 months prior, has been adopted by over 1 million developers worldwide and multiple Fortune 100 companies, including Intel, Nexxen, Melio, Percepto, Loft, HiBob, Bringg, and WalkMe. Enterprise sales crossed $1 million in ARR within three months of launching its enterprise offering in March 2024. Qodo reported 25% time savings on development tasks, catching an average of five bugs per developer monthly, with over 90% task completion rates. It was recognized by Gartner as a Cool Vendor in AI-Augmented Development and Testing for Software Engineering and accepted into AWS's Generative AI Accelerator. With 40 employees across Israel, the US, and Europe, Qodo plans to expand its team and offerings, including UI test code services with Qodo UX, to further enhance code integrity amid rising AI-driven software development demands.
Mar 2023SeedTLV Partners (lead); Vine Ventures (lead)$11MQodo (formerly CodiumAI) is a Tel Aviv-based generative AI code integrity platform that enhances test automation, code validation, and reliability in software development workflows, serving over 1 million developers and enterprise teams worldwide. The company's tools integrate into development processes using automated test-driven AI to generate and validate code, adhering to company-specific standards via advanced code analysis and Retrieval Augmented Generation (RAG) techniques. Qodo raised a $10.6 million seed round co-led by TLV Partners and Vine Ventures around March 2023, following an initial seed investment from Vine Ventures in August 2022. This early funding supported the development of its AI coding platform prior to a shift toward enterprise-focused offerings. In subsequent developments, Qodo launched its enterprise platform in March 2024, achieving $1M in ARR from enterprise sales within three months and gaining adoption by Fortune 100 companies, thousands of teams, and recognition as a Gartner Cool Vendor. The company raised a $40M oversubscribed Series A in September 2024 led by Susa Ventures and Square Peg, with participation from Firestreak Ventures, ICON Continuity Fund, and seed investors TLV Partners and Vine Ventures, bringing total funding to $50M.

Who has invested in Qodo?

13 investors have backed Qodo across its funding rounds, including TLV Partners, Susa Ventures, Square Peg Capital, Vine Ventures, Firestreak Ventures and ICON Continuity Fund.

Lead investors include Qumra Capital, Square Peg Capital, Susa Ventures, TLV Partners and Vine Ventures.


Qodo Investors

Investors in Qodo by funding rounds participated
InvestorHQRoundsRoleFirst check
TLV PartnersIsraelTel Aviv3LeadMar 2023
Firestreak VenturesUnited StatesAspen, CO2ParticipantSep 2024
Susa VenturesUnited StatesSan Francisco, CA2LeadSep 2024
ICON Continuity FundUnited StatesSan Francisco, CA2ParticipantSep 2024
Vine VenturesUnited StatesNew York City, NY2LeadMar 2023
Square Peg CapitalAustraliaSydney2LeadSep 2024
Peter WelinderUnited StatesSan Francisco, CA1ParticipantMar 2026
S VenturesUnited StatesUnited States1ParticipantMar 2026
Maor InvestmentsIsraelTel Aviv1ParticipantMar 2026
Qumra CapitalIsraelTel Aviv1LeadMar 2026
Clara ShihUnited StatesSan Francisco, CA1ParticipantMar 2026

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Qodo Competitors

Qodo competitors include listed companies like C3.ai and Hanwang Technology Co, and private ones like Anthropic, OpenAI, Lovable and Baseten.

Public and private companies comparable to Qodo
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
LovableSwedenStockholmPrivate$500M-$13B26.6x
BasetenUnited StatesSan Francisco, CAPrivate$600M-$13B21.7x
C3.aiUnited StatesUnited StatesPublicly listed$250M($484M)$1.7B4.5x
Hanwang Technology CoChinaChinaPublicly listed$282M($14M)$605M-

Qodo Public Comps

Qodo is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Cloudflare, Adobe, Datadog, Moody's and Nebius Group.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about Qodo

When was Qodo founded?Qodo was founded in 2022.
Where is Qodo headquartered?Qodo is headquartered in Tel Aviv, Israel.
Is Qodo publicly listed?No, Qodo is a private, VC-backed company.
How much funding has Qodo raised?Qodo has raised $121M across 3 funding rounds.
What was Qodo's last funding round?Qodo's last funding round was a $70M Series B in March 2026, led by Qumra Capital.
Who are Qodo's investors?Qodo's investors include TLV Partners, Firestreak Ventures, Susa Ventures, ICON Continuity Fund, Vine Ventures, Square Peg Capital, Peter Welinder, S Ventures, Maor Investments, Qumra Capital and 3 others.
Which companies are comparable to Qodo?Companies comparable to Qodo include Anthropic, OpenAI, Lovable, Baseten, C3.ai and Hanwang Technology Co.

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