Codota gains $12M Series A funding from e.ventures and Khosla

Codota has announced the global launch of its complete version for JavaScript, merging Codota's semantic technology with TabNine’s textual one for superior accuracy for developers

Vinod Khosla, founder of Khosla Ventures, says, "Codota is in a position to double the productivity of developers and teams through AI over the next five years. The future of software development will be driven by AI assistance, and Codota is positioned to be a leader in this market.”

Israeli startup Codota, whose leading AI platform provides developers with automated code suggestions, closed a $12M Series A funding round. The round was led by e.ventures, with the participation of existing investor Khosla Ventures, and new investors TPY Capital and Hetz Ventures. To date, Codota has raised over $16M, including a seed round led by Khosla Ventures in 2017.

Codota's semantic AI infrastructure emulates the human understanding of computer code and is based on more than a decade of academic research at the Technion, Israel’s foremost technological institution. Codota automates all predictable parts of the development cycle, such as looking up syntax and applying the best practices for using common libraries, by suggesting the next piece of code the developer would need, just in time, in a similar fashion to Smart Compose on Gmail.

Tom Gieselmann, General Partner at e.ventures, will join Codota’s Board of Directors. Gieselmann says, "I've been following the developer tools market for over 20 years and believe Codota has distinguished itself as the dominant player in terms of community, product, and technology. We are proud to support Dror and Eran on their mission to transform software development and make coding easier and more efficient for individual developers and teams within the enterprise."

Following its acquisition of former competitor TabNine last year, Codota now supports all major languages, including Python, JavaScript, Java, C, and HTML, and operates across all popular IDEs (Integrated Development Environments), including VSCode, Eclipse, and IntelliJ. Codota had seen its user base grow by more than 1,000% over the last year, currently reaching more than a million developers monthly, and measurably boosting their productivity by 25%.

In addition to its financing, Codota also announced the public launch of its complete version for JavaScript, merging Codota's semantic technology with TabNine’s textual one, in order to reach superior accuracy.

“While each approach certainly has its merits, the dual approach registers unprecedented results that go beyond the reach of each on its own. Our users are now empowered with this absolute best-of-breed technology and product, which is particularly needed in JavaScript in light of its immense popularity and its massive number of different APIs," says Technion Professor Eran Yahav, co-founder and CTO of Codota, and former IBM Watson Fellow.

Codota has an offering for the individual developer, as well as for the enterprise. Codota Enterprise allows organizations to widely encourage best practices by training Codota’s AI on the local repository, so as to discern the optimal coding patterns. The software then auto-suggests to the entire team at the right time, thereby boosting onboarding and developer productivity at all levels, saving time and resources. This is of particular importance at this time when most developers are unfortunately required to work from home due to the coronavirus crisis.

Co-investor Judah Taub, General Manager at Hetz VC, adds, “We became convinced that, for developers, adopting Codota is comparable to a writer moving from a typewriter to a modern word processor - it empowers them and unleashes their full potential.”