Twelve million US dollars for Code Intelligence

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The team - of Code Intelligence. © Simon Hecht All rights reserved!

The team - of Code Intelligence. © Simon Hecht All rights reserved!

Startup helps developers deliver secure software

Code Intelligence, which grew out of a startup at the University of Bonn, is receiving $12 million in funding led by Tola Capital. Code Intelligence helps developers by providing a platform to find and fix security vulnerabilities before the product is finished. 

The startup was founded in 2018 by Sergej Dechand, Khaled Yakdan and Matthew Smith from the Institute of Computer Science at the University of Bonn, while the scientists were conducting research on IT security and privacy. It received EXIST funding from the German Federal Ministry of Economics and Technology, which supports researchers and students in preparing their start-ups. Code Intelligence is aimed at modern development teams in medium to large companies and is used by well-known technology leaders such as Bosch, Continental and Deutsche Telekom. The startup also works closely with Google and has found more than 500 vulnerabilities in more than 30 projects with its Java fuzzing engine Jazzer.

"We want to live in a world where the devices, services and systems we rely on every day are truly secure," says Sergej Dechand, CEO and co-founder of Code Intelligence. The team aims to become the leading platform for application security testing. The goal, he says, is to give every developer the tools they need to write more secure code - even without deep security knowledge. Says Dechand, "We’re working closely with the open source community to spread the ’test early and often’ mindset and make security a routine part of everyday programming."

Capital to flow into product development

"Code Intelligence is the most advanced automated fuzz testing solution for applications and APIs and is incredibly easy for developers to use their existing workflows," said Will Coggins, vice president at Tola Capital. "The potential for this technology to improve how development teams build secure software is enormous."

With the new capital, Code Intelligence plans to invest in product development to create a unified workflow for setting up, debugging and managing test pipelines directly from the codebase, command line or any integrated development environment (IDE).

About Code Intelligence

The startup has received $15.7 million (¤14.5 million) to date from Tola Capital, HTGF, LBBW, OCCIDENT, Verve Ventures and Digital Hub Bonn, backed by Thomas Dohmke (CEO of Github), Sergej Epp (CSO of PaloAlto Networks) and Jörg Beyer (former co-CEO and co-founder of LeanIX). Code Intelligence is supported by Google, Deutsche Telekom, Continental, Bosch and CARIAD, among others. Information:
https://www.code-intelligence.com

About Tola Capital

Founded in 2010 by former software vendors, Tola Capital is a venture capital firm that believes in the power of software and data to transform businesses. Information: https://www.tolacapital.com

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