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Software productivity platform CodeKarma raises $2.5 million from Prosus, Accel, others
ETtech CodeKarma, a software productivity platform, has raised $2.5 million in its maiden funding round led by Dutch investment firm Prosus, Silicon Valley-based venture capital (VC) firm Accel and Xeed Ventures (formerly known as 021 Capital). The company is currently valued at $10 round also saw participation from SenseAI Ventures and Stargazer Ventures.
CodeKarma founder and chief executive Ananth Vanchi told ET that the company plans to use the funds to accelerate product development and innovation, expand into markets like the US, and hire new talent. The funding comes amid the rise of artificial intelligence (AI) tools that are reshaping the coding process.'Although technology was advancing a fundamental issue remained unresolved and this was a significant pain point for almost every developer engineering manager and product manager which was understanding how their product was actually functioning for the end customer,' Vanchi said. Founded in 2024, the software productivity platform enables human developers as well as AI systems by bringing real-time production insights directly into the development workflow. It helps developers in identifying hidden risks, eliminating unused code, and shipping better software faster. 'Every enterprise that has been around for at least five to six years and gone through significant product and people churn, is a clear target for our product. We natively integrate with every AI coding tool available because, as we speak, more and more code is being written by AI than by humans,' he said. The Bengaluru-based startup operates across various sectors, including ecommerce, fintech and logistics, charging enterprises based on how many microservices they use on its platform.'At least 40% of a developer's time goes into figuring out how systems are functioning, rather than improving them. CodeKarma's insights help teams understand how things are working, so they can build software better,' Vanchi added. Commenting on the investment Dhruv Gupta, investor, Prosus said, 'As AI accelerates software creation, the cost of unmanaged complexity, especially tech debt, will rise sharply. CodeKarma addresses this challenge by creating a persistent relay between production and development.''By integrating with most AI-IDEs like Cursor or Copilot to create the bridge between dev time and run time for debugging & refactoring, and especially excelling at large code bases, their platform positions them to become a critical infrastructure layer for all engineering teams,' said Subrata Mitra, partner, Accel. Last month, vision AI mobile app testing platform Drizz raised $2.7 million in its maiden funding round, which was led by early-stage venture capital firm Stellaris Venture Partners. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Berlin to Bharuch: The Borosil journey after the China hit in Europe
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