CodeRabbit Raises $60M, Valuing the 2-Year-Old AI Code Review Startup at $550M
AI-powered development is booming, and CodeRabbit raises $60M, valuing the 2-year-old AI code review startup at $550M, a major milestone that highlights the growing demand for smarter, automated code review tools. The funding round signals how crucial AI-assisted development has become as companies race to keep up with faster coding cycles and quality checks.
Image Credits:Andriy Onufriyenko / Getty Images
The Origin Story: From FluxNinja to CodeRabbit
Co-founder Harjot Gill spotted a gap while running his previous startup, FluxNinja. His team noticed engineers adopting GitHub Copilot and other AI coding assistants—but those tools often generated buggy code. The real challenge wasn’t writing code faster, but reviewing and fixing it efficiently.
That insight inspired Gill to launch CodeRabbit in early 2023. The platform uses AI to streamline code review, helping engineers catch errors before they pile up and slow down production.
Growth That Investors Can’t Ignore
CodeRabbit’s rise has been rapid. The startup reports 20% month-over-month growth and over $15 million in annual recurring revenue (ARR). With this momentum, the $60M Series B round valuing CodeRabbit at $550M doesn’t come as a surprise.
The round was led by Scale Venture Partners, joined by NVentures (Nvidia’s venture arm) and returning backers like CRV. This new funding pushes total investment to $88M, giving CodeRabbit the fuel to expand faster in the competitive AI developer tools space.
Why CodeRabbit Matters for Developers
AI assistants like Copilot may speed up code writing, but reviews have become a new bottleneck. CodeRabbit aims to fix that. Its platform is already trusted by over 8,000 businesses, including Chegg, Groupon, and Mercury.
By automating code reviews, CodeRabbit reduces repetitive checks, improves accuracy, and saves engineering teams countless hours. For companies shipping products at scale, that efficiency translates into faster launches and fewer costly bugs.
What’s Next for CodeRabbit
With fresh funding and a $550M valuation, CodeRabbit is positioned to redefine how software development teams approach code review in the AI era. As more developers lean on generative AI for coding, the need for reliable AI-powered review systems will only grow.
CodeRabbit’s journey reflects a larger shift in tech: AI is no longer just about generating content or code—it’s becoming the backbone of quality assurance and productivity.
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