Overview
- The Series C round closed on Wednesday, Aug. 12 and brought in $143 million at a $1.5 billion valuation, co-led by Atomico and Smash Capital with Atomico partner Luca Eisenstecken joining CodeRabbit’s board.
- CodeRabbit publicly introduced Agentic Change Management, a control layer made up of Triage to score and route pull requests, Change Stack to show a change’s blast radius and architecture impact, and CodeRabbit Security for full-repository scans and continuous monitoring.
- The company reported running more than two million code reviews per week for roughly 17,000 customers, cited revenue growth of over fivefold year over year, and named enterprise users including BMW, NVIDIA and Adyen.
- As part of the round CodeRabbit said it will expand internationally with a new London office, target Europe and Japan for growth, and provide more than $10 million of free tooling to open-source maintainers over the next 12 months.
- CodeRabbit’s proprietary 'codegraph' reasons across entire repositories to find risks that file-level checks miss and aims to make the pull request the auditable chokepoint where scarce human judgment decides what AI agents should ship, a shift that could reshape security and governance in software teams.