CodiumAI exits stealth with $11 million to usher in the era of generative AI-powered Code Integrity
CodiumAI generates meaningful software tests on the fly, improves code quality, and empowers developers to innovate faster with confidence
TEL AVIV, Israel, March 22, 2023 /PRNewswire/ -- CodiumAI today announced the beta-release of its generative AI-powered code integrity solution that interactively assists developers in testing their code, and an $11 million Seed funding co-led by Vine Ventures and TLV Partners alongside notable angel investors including executives from OpenAI, Snyk and VMware. With this funding, CodiumAI is developing its first AI model, dubbed TestGPT.
Software of questionable quality cost US companies alone $2.08 trillion in 2020. As errors move through the software development lifecycle, the cost of addressing them compounds. Preventing software errors is better than fixing them, and the best way to prevent errors is to test often and thoroughly. But testing is hard and consumes a significant part of developers' time. While most developers find code reviews very valuable, only some test their own code.
"In the last few months we have witnessed the rise of coding assistants like GitHub Copilot and the explosion of ChatGPT. We work on the confluence of these developments, fine-tuning generative AI for testing code logic. CodiumAI IDE Extensions, and our TestGPT model, are the first steps towards our mission: making code integrity feasible, for any code and all developers!" said CodiumAI CEO and co-founder Itamar Friedman.
Friedman and Kredo are serial entrepreneurs with backgrounds in software development, machine learning and product management. They founded and exited startups and led product and R&D teams at the likes of Alibaba Cloud. They started CodiumAI to address a chronic pain point they have dealt with throughout their careers: verifying and validating code.
CodiumAI is currently available as an extension for popular IDEs (Integrated Development Environments) such as VSCode, PyCharm and WebStorm. Coverage for more IDEs and programming languages is planned for the immediate future, as well as support for additional features and collaborations. CodiumAI has already been installed by thousands of users since its closed-alpha-release in January 2023.
"CodiumAI is addressing a real need in the market. There are already tools to check software vulnerabilities, other tools to test performance, and now even tools that help developers generate code. But a solution for testing code logic is missing, and it is not a coincidence, as it is a very challenging task – it is almost like getting into the mind of the one who wrote the code. CodiumAI is a creative, targeted and focused use of generative AI and an application that provides value immediately," said Brian Sack, an Investor at TLV Partners.
"Generative AI has its own stack composed of infrastructure, models, and applications. It's a nascent domain and the jury on where and how value creation happens is still out. What we do know is that delivering versatile technology paired with UI/UX that is purpose built for the user workflow definitely helps. CodiumAI not only offers an innovative application, but also builds IP in the model layer. We are excited to see the team and product adoption grow; and look forward to a bright future bringing tremendous value to users," said Dan Povitsky, Vine Ventures' co-founder.
About TLV Partners
About Vine Ventures
The Cost of Poor Software Quality in the US: A 2020 Report, by the Consortium for Information and Software Quality
 GitLab DevSecOps Survey Results 2022
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