SonarSource Raises $412M in Funding; Valued At USD4.7 Billion


SonarSource, a Geneva, Switzerland-based platform for clean code, raised $412m in funding, at a valuation of $4.7 billion.

The round was led by new investors Advent International and General Catalyst, with existing investor Insight Partners participating. Permira’s Growth Opportunities Fund also participated in the round.

The company intends to use the funds to double its sales force in 2022 and grow its marketing team across existing offices in Geneva, Switzerland; Annecy, France; Bochum, Germany and Austin, Texas, as it drives toward $1 billion in revenue, and open a new regional headquarters in Singapore.

Led by Olivier Gaudin, CEO and co-founder, SonarSource provides a solution that enables developers and development teams to write clean code and remediate existing code organically, so they can focus on the work they love and maximize the value they generate for businesses. Its open source and commercial solutions – SonarLint, SonarCloud, and SonarQube – support 29 programming languages. It is used by more than 300,000 organizations globally.