Malmö, Sweden-based CodeScene, a SaaS company that specialises in Software Engineering Intelligence (SEI), announced that it has secured €7.5M in a round of funding led by Neqst.
CodeScene CEO/co-investor Hamdija Jusufagic, Luminar Ventures, and Inventure, also participated in the round.
The Swedish company says the capital injection will enable it to enhance its technology further, expand its customer base, and solidify its position as a leader in the Software Engineering Intelligence space.
“We are thrilled to have Neqst, Luminar Ventures, and Inventure on board as investors,” says Hamdija Jusufagic, CEO of CodeScene.
“This investment will help us increase growth and presence in our current top five markets USA, Germany, United Kingdom, Netherlands, and India,” he adds.
CodeScene: Provides actionable insights into codebases
Founded by Adam Tornhill, CodeScene specialises in Software Engineering Intelligence (SEI) that uses advanced patented algorithms and AI to provide developers with actionable insights into their codebases.
Unlike regular code analysis tools, the company’s analyses are automatically adapted to each customer and the recommendations are personalised by how their software organisation works.
It helps teams identify technical debt, optimise software architecture, and improve code quality.
This combination empowers organisations to improve collaboration, speed to market, and code quality while reducing business risk.
Currently, CodeScene has users in over 75 countries.
Neqst is a prominent investment firm focusing on strategic investments in transformative technology companies.
With its expertise and network, Neqst supports visionary companies in their growth journey, helping them achieve long-term success and create significant value.
Read the orginal article: https://siliconcanals.com/news/startups/swedish-saas-codescene-bags-7-5m/