CodeRabbit Raises $143 Million at $1.5 Billion Valuation and Introduces Agentic Change Management
We raised $143 million in a Series C funding round at a $1.5 billion valuation. Atomico and Smash Capital co-led the round, with participation from new investors, including BMW i Ventures, Datadog, Hirtle Callaghan, SineWave Ventures, Scenic Management and our existing investors, including CRV, Scale Venture Partners, Flex Capital, Pelion Venture Partners, Harmony Partners and Engineering Capital.
What happened
We raised $143 million in a Series C funding round at a $1.5 billion valuation. Atomico and Smash Capital co-led the round, with participation from new investors, including BMW i Ventures, Datadog, Hirtle Callaghan, SineWave Ventures, Scenic Management and our existing investors, including CRV, Scale Venture Partners, Flex Capital, Pelion Venture Partners, Harmony Partners and Engineering Capital.
Why it matters
We’re also introducing a new product category we call Agentic Change Management, a platform that represents the next chapter for CodeRabbit. In conversations with thousands of teams trying to navigate the changes AI coding agents have effected on their workflows, we realized that AI code review only solves part of the problem.