Moderne, a Miami, FL-based continuous software modernization company, raised $15M in Series A funding.
The round was led by Intel Capital with participation from True Ventures, Mango Capital and Allstate Strategic Ventures. Nick Washburn, Senior Managing Director at Intel Capital, will join Modern’s board of directors.
The company intends to use the funds to grow its customer base, as well as build on its technology offering.
Led by Jonathan Schneider and Olga Kundzich, Moderne accelerates software development through continuous software modernization across an organization’s codebase. Its private SaaS solution identifies code issues with precision across 1000s of repositories simultaneously and accurately fixes the code for developers, unloading hours of developer time per week. It achieves this using an innovative Lossless Semantic Tree, a technology leap from the common Abstract Syntax Tree, to deliver the full fidelity of codebase knowledge required for accurate, automated code fixes.
The Moderne value proposition of continuous software modernization has been proven with the Java ecosystem, the most widely used programming language. The company is extending support for additional languages like newly supported language, COBOL, and upcoming Python, TypeScript, and C#. In addition, the company will be introducing more capabilities such as change campaign management, a recommendation service, a command line interface (CLI) to drive the local developer experience, and integrations with continuous integration (CI) tools, integrated development environments (IDEs), and other tools in the ecosystem.
FinSMEs
07/02/2023