Code Climate, a platform that powers software engineering project management with data, has raised $50 million in a series C round of funding.
Founded in 2011, Code Climate touts itself as an â€œengineering intelligence platform,â€ one that allows companies such as JLL, Pizza Hut, and Instacart to ship better quality code faster by plugging into DevOps and project management tools such as GitHub and Jira to generate data-driven insights. This includes aligning business priorities with engineering activities and ensuring resources are channeled to the areas that need them most while making it easier to identify whatâ€™s working and replicate it across a company.
Using Code Climateâ€™s Velocity, companies can keep feature delivery on schedule by identifying any bottlenecks in advance; track engineering progress as it relates to key performance indicators (KIPs) and objectives and key results (OKRs); tap into industrywide benchmarks to help establish realistic goals; and keep on top of expenditures while allocating resources by priorities.
Elsewhere, companies use Code Climateâ€™s Quality to garner automated code reviews on their pull requests, including a â€œ10-point technical debt assessmentâ€ that serves real-time feedback.
Code Climateâ€™s raise comes amid a flurry of activity across the space, with LinearB recently locking down $16 million in funding to bring contextual metrics to software development project management and Jellyfish securing $31.5 million for a similar proposition.
Itâ€™s all about bringing transparency to the software engineering mix, ensuring managers and decision-makers are operating on data rather than perceptions or gut instinct â€” this is a trend permeating just about every industry, from sales to city planning.
Code Climate had previously raised around $15 million, and its latest $50 million cash injection included investments from PSG, Union Square Ventures, Foundry Group, Lerer Hippeau Ventures, and NextView Ventures.