Overview

Code Climate provides engineering intelligence solutions that enhance software development processes. Its main product, Velocity, analyzes data from code commits and pull requests to deliver actionable metrics and insights. These insights help organizations identify workflow bottlenecks, optimize their processes, and boost productivity. Code Climate operates on a subscription-based model, allowing clients to access the Velocity platform for a fee, with a 14-day free trial available for new users. This platform is particularly useful for companies aiming to improve their continuous delivery practices and manage technical debt. Code Climate differentiates itself by focusing specifically on the needs of engineering teams, offering detailed analytics that help diagnose issues and implement improvements. The company's goal is to empower software development teams with data-driven insights to enhance their efficiency and effectiveness.

Simplify's Take

What believers are saying

• Growing demand for remote work tools aligns with Code Climate's offerings.
• Rise of DevOps practices increases demand for engineering efficiency insights.
• Shift towards agile methodologies creates need for real-time metrics, benefiting Code Climate.

What critics are saying

• Increased competition from emerging platforms could erode Code Climate's market share.
• Rapid technological changes may outpace Code Climate's platform updates, risking obsolescence.
• Economic downturns could reduce IT budgets, impacting subscription renewals and sales.

What makes Code Climate unique

• Code Climate's Velocity platform offers unique data-driven insights for engineering teams.
• The platform helps identify bottlenecks and optimize workflows for improved productivity.
• Code Climate's subscription model allows clients to experience benefits before committing.

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Funding

Total Funding

$72.8M

Below

Industry Average

Funded Over

4 Rounds

$50,000,000

Series C

Sep 2021

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Meet Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$50M

$62M

$100M

View all funding stages