Sourcegraph, a late stage startup that wants to bring the power of search to code, announced a $125 million Series D investment today on a $2.625 bill

Sourcegraph raises $125M Series D on $2.6B valuation for universal code search tool

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2021-07-13 16:30:07

Sourcegraph, a late stage startup that wants to bring the power of search to code, announced a $125 million Series D investment today on a $2.625 billion valuation, a 3x growth from its previous valuation in December 2020, according to the company.

The round was led by Andreessen Horowitz with participation from Insight Partners, Geodesic Capital and other existing investors. The company has now raised almost $225 million, according to Crunchbase data.

Company CEO and co-founder Quinn Slack says that we know by now that every company is building software, and as they do, they are generating tons of code. “They’re all drowning in code, and we help solve that. Our product is universal code search, which helps developers search, understand and automate code,” Slack explained.

He says that companies use Sourcegraph to find problems and vulnerabilities they might not otherwise see. Developers and site reliability engineers may see that there’s a problem, but getting to the specific part of the code where it’s happening requires a specialized tool, he says. Some of the large companies might build their own tools for this purpose, but most companies don’t have the resources and this puts code search within reach of many more developers.

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