Codacy Raises $7.7M in Funding

codacyCodacy, a Lisbon, Portugal-based platform that automates and standardizes software quality to increase the efficiency of developers and enterprise development teams, raised $7.7M in funding.

The round was led by Join Capital, with participation from EQT Ventures, Armilar Venture Partners, Faber Ventures, and Caixa Capital.

The company intends to use the funds to further expand product development and accelerate commercial initiatives to support demand and its customer base around the world.

Founded in 2014 by CEO Jaime Jorge and CTO João Caxaria, Codacy provides a software-as-a-service product that addresses the problem of unstandardized and poorly measured software quality by analyzing more than 30 billion lines of code per day.
The company has a customer base of more than 450, including Norwegian Cruise Line, Barracuda, PetSmart, Delivery Hero, Angie’s List, Genesys, Toptal, and O.C. Tanner (who has seen a 90% time savings in their code review process).
In order to support the Enterprise market, Codacy is preparing to offer deployment on Kubernetes for all of its cloud and on-premise users while continuing to release additional programming language support and expand features within GitHub, GitLab, and Bitbucket environments.



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