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 model, allowing clients to access the Velocity platform for a fee, with a 14-day free trial available for new users. This platform is especially useful for companies aiming to improve their continuous delivery practices and manage technical debt. Code Climate distinguishes 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

• Increased demand for remote work tools boosts Code Climate's market potential.
• The rise of DevOps practices enhances the need for platforms like Velocity.
• Growing emphasis on reducing technical debt drives demand for Code Climate's insights.

What critics are saying

• Emerging competitors in engineering intelligence could erode Code Climate's market share.
• Over-reliance on key clients like Kickstarter poses revenue risks if they switch.
• Rapid technological changes may strain resources for continuous updates to Velocity.

What makes Code Climate unique

• Code Climate's Velocity offers unique insights into code quality and maintenance.
• The platform provides comprehensive analytics for cross-functional collaboration in software projects.
• Velocity's data-driven insights align with the trend towards data-driven decision-making in engineering.

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Funding

Total Funding

$74.8M

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