CodeRabbit Announces $16M Series-A Funding Led by CRV

CodeRabbit, a developer tool company, has secured a $16 million Series A funding round led by CRV, with investments from several other investors. The funding will help accelerate the mission to transform code quality, security, and developer productivity using AI. CodeRabbit aims to address the inefficiencies of traditional code reviews by introducing an AI-powered code reviewer that can save developers time while improving code quality beyond human reviewers alone. With $1M+ in annual recurring revenue in less than a year, the company has gained traction with high adoption in open-source projects and a strong community following. The new funding will enable CodeRabbit to expand its product offerings and hire top talent to accelerate growth.