📝 CodeRabbit raises $60M

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CodeRabbit has raised $60 million in Series B funding at a $550 million valuation, as investors back founder Harjot Gill’s bet that AI-generated code needs AI-powered review. Gill, who previously sold his first startup, Netsil, to Nutanix, launched CodeRabbit in 2023 after noticing that GitHub Copilot and other AI coding tools were creating new bottlenecks in code review. The platform has grown quickly, now serving over 8,000 businesses, including Chegg, Groupon, and Mercury, and generating more than $15 million in annual recurring revenue with 20% month-over-month growth. The new round, led by Scale Venture Partners with participation from Nvidia’s NVentures and returning investors like CRV, brings total funding to $88 million. While rivals such as Graphite and Greptile, as well as bundled offerings from Claude Code and Cursor, are vying for the same market, Gill argues that a standalone platform with greater depth and breadth will ultimately prevail. For now, developers seem to agree: thousands are paying $30 a month to let CodeRabbit cut human code review time in half, even if AI fixes still need human oversight.

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