Codota secured $12 Million in Series A Funding

Codota, an Israeli based provider of an Artificial Intelligence platform that auto-completes developers code, has now secured $12 million in a Series A round of funding.

The round was backed by the e.ventures with the participation from an existing investor, Khosla Ventures, along with new additional investors, Hetz Ventures, and TPY Capital.

Codota is founded by the Dros Weiss and Eran Yahav. It is a startup offering AI tools for the developers to auto-complete strings of code.

The company solution supports all the leading programming languages, which include the C, JavaScript, Python, Java, and HTML, and operates across significant integrated development environments such as Eclipse, IntelliJ, and VisualCode.

Executive Opinion

In a TechCrunch report, Dror Weiss, the co-founder and CEO of Codota, said, "I don’t think we would be able to replace developers, and I don’t think we would want to. Our aim is to take the mundane and repetitive aspects and do that for them. It’s not high value to remember the syntax and the best practice. And even if you have smart compose [in consumer services, it may suggest sentences but can’t read your mind and tell you how you want to respond. So it’s very unlikely to replace you and respond to how you would want to. That’s not even in our longest-term plan."

Codota's Latest Funding

Post funding, Tom Gieselmann, the General Partner at e.ventures will join Codota, Board of Directors team.

The company, as of now, has plans to use the new funds to continue to expand its development efforts and business outreach, notes the announcement.

The company has previously also revealed its new version of AutoCompletion for JavaScript (JS) that merges its semantic technology with the help of a TabNine’s textual tech. The client's base of the company includes Netflix, Amazon, Airbnb, Atlassian, Google, among others.