# Crowdbotics Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/crowdbotics

- Industry: Software
- Headquarters: Berkeley, US
- Website: www.crowdbotics.com
- Total disclosed funding: $62M
- Latest round: Series B (Oct 12, 2022)
- Investors on record: 7

## About

Crowdbotics Corporation, based in the US, offers an advanced platform that utilizes artificial intelligence to modernize and maintain legacy code. Their solutions enhance insights into code quality and promote efficiency for enterprise clients.Founded in 2016 and headquartered in Berkeley, US, Crowdbotics Corporation delivers innovative solutions for legacy code modernization. The company has completed a total of 3 deals, with the most recent funding round occurring on October 12, 2022. In this Series B round, Crowdbotics raised USD 40.00 mn, led by New Enterprise Associates, with participation from Bee Partners, Harrison Metal Capital, Homebrew, and Jackson Square Ventures. The company was established by Anand Kulkarni, who has a background in software development and entrepreneurship.Crowdbotics specializes in providing a sophisticated platform that leverages artificial intelligence to facilitate the modernization and maintenance of legacy codebases. Their core offering enables developers, architects, and business stakeholders to gain comprehensive insights into code quality, complexity, and design patterns, ultimately promoting a shared understanding of legacy systems. The platform's abilities include visualizing system design, understanding dependencies, analyzing cohesion and coupling, and offering AI-driven suggestions for structural improvements. Crowdbotics targets a wide range of clients including enterprise-level organizations across various industries that struggle with outdated software systems, with a significant presence in North America and Europe. Their services are crucial for businesses seeking to optimize software development lifecycles and enhance operational efficiency.Crowdbotics generates revenue through a subscription-based model, providing access to their advanced platform for clients engaged in legacy code modernization. Clients typically enter into agreements that grant them continuous access to Crowdbotics’ suite of tools, which may include features for real-time code analysis, performance tracking, and AI-enhanced optimization suggestions. The pricing structure is designed to accommodate a variety of organizational sizes, focusing on enterprise clients that require robust support for large-scale codebases. Revenue is derived from these subscription services, which may also involve tailored partnerships or integrations, allowing businesses to seamlessly incorporate Crowdbotics' technology into their existing workflows. The company's flagship platform serves as a critical resource for enterprises committed to achieving efficient software development and maintenance.In October 2022, Crowdbotics Corporation raised USD 40 mn in Series B funding, which will be utilized to grow its market and further expand its product offerings. The company is focusing on developing new features for its platform aimed at enhancing user experience and operational capabilities. Additionally, Crowdbotics plans to expand into new geographic regions, targeting markets in Europe and Asia over the next two years. This strategic expansion aims to leverage the increasing demand for legacy code modernization solutions globally.

## Funding rounds

- Series B, Oct 12, 2022, $40M — New Enterprise Associates, Harrison Metal, Bee Partners, Homebrew, Jackson Square Ventures
- Series A, Jan 20, 2022, $22M — Harrison Metal, Bee Partners, Homebrew, Jackson Square Ventures, The House Fund, Pacific West Bank

## Investors

- Harrison Metal (https://capitalatlas.ai/funds/harrison-metal) — Series A, Series B
- Bee Partners (https://capitalatlas.ai/funds/bee-partners) — Series A, Series B
- Homebrew (https://capitalatlas.ai/funds/homebrew) — Series A, Series B
- Jackson Square Ventures (https://capitalatlas.ai/funds/jackson-square-ventures) — Series A, Series B
- The House Fund (https://capitalatlas.ai/funds/the-house-fund) — Series A
- Pacific West Bank — Series A
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series B