Israeli developer tool Codota snags $12 million Series A for automated code platform

Tel Aviv-based startup Codota, whose AI platform serves developers automated code suggestions, has closed a $12 million Series A round led by e.ventures, with participation from Khosla Ventures, TPY Capital, and Hetz Ventures. The latest investment brings total fundraising to $16 million.

Founded in 2015 and academic research from Israeli institution Technion, the company has analysed millions of code repositories to develop a semantic AI infrastructure that emulates the human understanding of computer code. The software automates all the predictable parts about writing code, suggesting the next piece much like the Smart Compose feature on Gmail. “For developers, adopting Codota is comparable to a writer moving from a typewriter to a modern word processor - it empowers them and unleashes their full potential,” said co-investor Judah Taub, general manager at Hetz VC. Tom Gieselmann of e.ventures, who will join the board, commented: “I've been following the developer tools market for over 20 years and believe Codota has distinguished itself as the dominant player in terms of community, product, and technology.” The Israeli startup’s community and product have grown rapidly in the past year, thanks in part to the purchase of a Canadian competitor, TabNine. Since the acquisition and taking on TabNine’s textual technology, the Codota platform supports all major languages, such as Python, JavaScript, Java, C, and HTML, and operates across all popular IDEs (Integrated Development Environments), including VSCode, Eclipse, and IntelliJ. As a result, the company reports its user base has grown by more than 1,000 percent over the last year, reaching more than a million developers monthly.

Photo: CEO Dror Weiss and CTO Prof. Eran Yahav, by Eyal Tueg