What is Code Intelligence?
Code Intelligence, based in Bonn, Germany, specializes in automated application security testing. Its core technology focuses on fuzzing, a method used to discover vulnerabilities by providing invalid, unexpected, or random data as input to a computer program. This approach allows for the identification of security flaws in software applications before they can be exploited. The company's platform aims to streamline the security testing process for enterprises, enhancing their overall security posture and reducing the risk of breaches.
How much funding has Code Intelligence raised?
Code Intelligence has raised a total of $14.3M across 2 funding rounds:
Other Financing Round
$2.3M
Series A
$12M
Other Financing Round (2020): $2.3M with participation from LBBW Venture Capital GmbH, Investiere AG, and Occident Group AG
Series A (2022): $12M led by Occident, Tola Capital, LBBW, Verve Ventures, and High-Tech Gründerfonds
Key Investors in Code Intelligence
Occident
OCCIDENT is an international venture capital investor with offices in Zug and Munich, is owner-managed and invests own wealth. Its aim is to make a positive contribution to society through sustainable and meaningful investments. OCCIDENT invests in innovative deep tech start-ups with excellent technologies in the fields of life sciences, digital and high-tech with broad application possibilities and the potential for further value-generating developments. The geographic focus is Germany and Switzerland. The preferred stage for initial financing is from seed rounds or later and from 0.5 million euros. OCCIDENT distinguishes itself in particular by its in-depth knowledge of the technology and the versatile support offered to its portfolio companies by its competent team of experts. For more information, please visit www.occident.group.
Tola Capital
Founded in Seattle, Washington, Tola Capital is a venture capital firm that focuses on enterprise software companies.
LBBW
Landesbank Baden-Württemberg (LBBW) is a universal bank and the central banking institution for savings banks across Baden-Württemberg, Saxony, and Rhineland-Palatinate regions in Germany. LBBW specializes in providing financial services to corporate customers, particularly small and medium-sized enterprises, while also serving private customers and savings banks. The bank offers comprehensive real estate financing solutions and delivers customer-oriented capital market services to banks, savings banks, and institutional investors. Founded in 2007, LBBW operates across multiple locations in Europe, North America, and Asia Pacific regions, maintaining a strong presence in Germany, the United Kingdom, and Singapore.
What's next for Code Intelligence?
The substantial enterprise-level funding and recent strategic investment position Code Intelligence for accelerated growth. This capital infusion is likely to be directed towards enhancing its automated testing capabilities, expanding its market reach, and strengthening its engineering and sales teams. The company's focus on fuzzing technology addresses a critical need in the application security landscape, suggesting a strategic push to become a leader in this specialized segment of the cybersecurity market. Future developments may include broader integration with CI/CD pipelines and advanced threat detection features.
See full Code Intelligence company page
