CodeRabbit raises $60M, valuing the 2-year-old AI code review startup at $550M 

CodeRabbit, a 2-year-old AI code review startup, has raised $60 million in a new funding round, valuing the company at $550 million. The round was led by Scale Venture Partners, bringing CodeRabbit's total funding to $88 million. The startup's AI-powered code review technology aims to improve code quality and developer productivity by automating the code review process. With this new funding, CodeRabbit plans to expand its engineering team, enhance its product offerings, and further develop its AI capabilities. The company's founders believe that AI-driven code review can revolutionize software development, as it can catch bugs and issues more efficiently than manual review, while also providing valuable insights and recommendations to developers. The successful funding round reflects the growing demand for AI-powered tools in the software development industry, as companies seek to streamline their development processes and improve the quality of their code.