Qodo Nets $70M
Qodo closed a $70 million Series B led by Qumra Capital, bringing total funding to about $120 million for its AI code‑review product Qodo 2.0, now rated a top system for verifying AI‑generated code (letsdatascience.com). The round underscores investor appetite for ‘picks and shovels’ tooling that audits and validates developer outputs. (letsdatascience.com).
The financing round included institutional backers Maor Ventures, Phoenix Venture Partners, S Ventures, Square Peg, Susa Ventures, TLV Partners and Vine Ventures, plus individual investors Peter Welinder (OpenAI) and Clara Shih (Meta). (techcrunch.com) Qodo’s leadership team lists Itamar Friedman as CEO and co‑founder and Dedy Kredo as co‑founder and CPO on the company’s about page. (qodo.ai) The company rebranded from CodiumAI after a $40 million Series A led by Susa Ventures and Square Peg announced on September 30, 2024. (techcrunch.com) Qodo 2.0 was unveiled on February 4, 2026 with a multi‑agent review architecture and expanded context engine; the company reported a benchmark F1 of 60.1% and recall of 56.7% on its published evaluation. (qodo.ai) Qodo also published results citing a #1 ranking on Martian’s Code Review Bench — a public benchmark that measures precision, recall and F1 across live pull requests — which Qodo said yielded an F1 around 64.3% versus competitors. (qodo.ai) Named enterprise users of Qodo’s platform include Walmart, NVIDIA, Red Hat, Box, Intuit, Ford Motors and Monday.com, according to the company press release. (markets.financialcontent.com) Company statements and press coverage say proceeds will be directed to expanding product and engineering teams, scaling enterprise operations globally and immediate hiring in its Tel Aviv engineering hub. (finsmes.com) At the time of its Series A, Qodo reported more than one million developers had tried its tools, a metric the company has cited as evidence of broad developer engagement. (techcrunch.com)
