CodeScene Receives €7.5 Million Investment

CodeScene, an innovative Software Services (SaaS) company based in Sweden, is a specialist in Software Engineering Intelligence (SEI). The company has received an investment of 7.5 million euros in a financing round. The investment round was led by Neqst, an investment firm that makes strategic investments in transformative technology companies.

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€7.5 million for the SEI Area, led by Neqst!

CodeScene's groundbreaking platform provides developers with actionable insights into their codebase using advanced patented algorithms and artificial intelligence. Unlike traditional code analysis tools, CodeScene's analyses are customised for each customer. In addition, recommendations can be personalised according to the way software organisations work. This approach helps teams identify technical debt, optimise software architecture and improve overall code quality. In order to guarantee tangible results, these insights are combined with the only source code metric that delivers an industry-proven business impact.

However, this innovative approach has gained wide acceptance. It has become an indispensable tool for software development teams worldwide. CodeScene's users are located in more than 75 countries. This financing round, led by Neqst, is recognised as an important milestone for CodeScene. It reaffirms its market potential and offers opportunities for accelerated growth. The capital raising enables CodeScene to further develop its cutting-edge technology. It helps it expand its customer base and further strengthen its position as a leader in Software Engineering Intelligence.

Neqst's partnership will support CodeScene in its future expansion phases by providing valuable expertise, resources and guidance. The commitment from CodeScene's CEO and this co-investment aims to reinforce this confidence. In addition, the ongoing support of Luminar Ventures and Inventure can be seen as an assurance of confidence in CodeScene's vision and the value it provides to software development teams.

Founded in 2015, CodeScene stands out in the industry with its commitment to innovation, scientific approach and tangible business results. CodeScene supports development teams in efficiency and productivity by using data from leading analytics platforms. It is also uniquely positioned to empower customers with actionable insights that provide a competitive advantage. CodeScene is a leading SaaS company based in Sweden specialising in SEI. CodeScene collaborates with universities and scientists around the world. Through its patented algorithms and peer-reviewed research, it offers the only source code metric that delivers proven business impact using CodeScene's Code Health score. This unique approach enables organisations to accelerate collaboration, accelerate time-to-market and improve code quality, while reducing business risk.