Code Intelligence, a Bonn, Germany-based IT security startup, raised €700k in seed funding.
Backers included High-Tech Gründerfonds (HTGF) and the Digital Hub Bonn.
The company intends to use the funds to to further develop the product and for market entry.
A spin-off from the University of Bonn’s Usable Security & Privacy group, Code Intelligence uses intelligent algorithms to uncover vulnerabilities and bugs in software. At the foundation of its technology stack, the startup utilizes fuzzing, a modern application security testing technology. Through fuzzing a large scale of attack vectors can be tested automatically through pseudo-random mutations of the input parameters, uncovering vulnerabilities as well as reliability issues efficiently and timely.
Led by Dr. Henning Perl, Philipp Langnickel, Sergej Dechand, Dr. Khaled Yakdan and Prof. Dr. Matthew Smith, Code Intelligence received €645.585 through a EXIST-Forschungstransfer by the German Federal Ministry of Commerce.