# Code Intelligence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/code-intelligence

- Industry: IT Security/Cybersecurity
- Headquarters: Bonn, Germany
- Website: www.code-intelligence.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 27, 2022)
- Investors on record: 6

## About

Code Intelligence GmbH is a software security company that specializes in AI-automated testing solutions, enabling organizations to identify vulnerabilities in their software products efficiently and effectively.Founded in 2017 in Bonn, Germany, Code Intelligence GmbH focuses on AI-automated software security testing. The firm has successfully completed three investment deals, with its most recent funding round being a Series A in April 2022, securing EUR 11 million from lead investor Tola Capital and others. Sergej Dechand is the CEO, and he is one of the co-founders alongside Khaled Yakdan. The company has maintained a steady operational focus without significant pivots and does not operate as a subsidiary of any parent company.Code Intelligence specializes in AI-automated software security testing, primarily through its flagship product, CI Fuzz. This advanced fuzz testing solution employs white-box testing techniques to detect critical bugs and vulnerabilities in software, particularly for memory-unsafe programming languages like C and C++. CI Fuzz integrates seamlessly into the software development process, allowing for automated testing at various stages including unit, integration, and system testing. The product serves a diverse client base including automotive suppliers, medical device manufacturers, telecommunications companies, and aerospace and defense organizations, with solutions utilized globally across North America, Europe, and Asia.Code Intelligence generates revenue through subscription-based models for its CI Fuzz product, offering various pricing plans tailored to its enterprise clients. The company engages in direct B2B transactions, partnering with organizations looking to enhance software security measures. Clients subscribe to CI Fuzz for ongoing access to its automated fuzz testing capabilities, which help in identifying vulnerabilities early in the development cycle. The firm also provides documentation and support services as part of its offerings, ensuring effective integration into client workflows.In April 2022, Code Intelligence GmbH raised EUR 11 million in Series A funding led by Tola Capital, alongside returning investors such as LBBW Venture Capital, High-Tech Gründerfonds, Occident Group, and Verve Ventures. The company will utilize this funding for product development. Plans for future growth include the introduction of new features in CI Fuzz and potential expansion into additional markets in North America and Asia by the end of 2023, aimed at bolstering their presence in regions that prioritize software security compliance.

## Funding rounds

- Series A, Apr 27, 2022, $12M — LBBW Venture Capital, High-Tech Gruenderfonds, Tola Capital, Occident Group, Verve Ventures
- Seed, Sep 7, 2018, $0.8M — High-Tech Gruenderfonds, HW Partners AG

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed, Series A
- HW Partners AG — Seed
- LBBW Venture Capital (https://capitalatlas.ai/funds/lbbw-venture-capital) — Series A
- Tola Capital (https://capitalatlas.ai/funds/tola-capital) — Series A
- Occident Group — Series A
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Series A