# DiffBlue

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

- Industry: Software
- Headquarters: Oxford, UK
- Website: www.diffblue.com
- Total disclosed funding: $28M
- Latest round: Series A (Dec 15, 2021)
- Investors on record: 6

## About

Based in the UK, Diffblue Limited specializes in AI-driven automation solutions for unit testing in Java applications, enhancing software quality and efficiency for large organizations.Diffblue Limited provides AI-based solutions focusing on the automation of unit testing for Java applications. Founded in 2016 in Oxford, UK, the company has secured funding through four deals, with its latest round being GBP 4.85 million raised on August 30, 2024. The funding was co-led by returning investors IP Group, Parkwalk Advisors, and AlbionVC, along with participation from new investor Citigroup, Inc. The company's co-founders are Daniel Kroening and Peter Schrammel, with Mathew L serving as CEO.Diffblue is a technology company specializing in AI-driven solutions for the automation of unit testing in Java applications. Its primary product, Diffblue Cover, generates and manages unit and regression tests within integrated development environments (IDEs) like IntelliJ and continuous integration (CI) pipelines. This enterprise-grade solution employs reinforcement learning to deliver test code that compiles and runs correctly, addressing challenges such as insufficient code coverage and inefficiencies in manual test writing. The platform is targeted at large organizations that require robust software quality assurance across sectors like finance, aerospace, and technology. The company ensures client intellectual property remains secure by operating on-premise, serving a global clientele with significant market presence in North America, Europe, and Asia.Diffblue's revenue model is based on subscription access to its flagship product, Diffblue Cover. For the year 2021, the company reported a revenue of GBP 1,341,790.90 and an EBITDA of GBP -1,393,428.70. Clients typically enter annual or multi-year licensing agreements that include support and updates, catering to enterprise needs and the complexity of substantial codebases. This model emphasizes strong client relationships through continued service and support.In August 2024, Diffblue Limited raised GBP 4.85 million in venture funding to support its expansion and development. The company plans to enhance its product offerings and develop new features for Diffblue Cover, while also targeting market expansion into additional geographic regions. Specific regions have not been detailed, but the funding will be utilized to facilitate these initiatives.

## Funding rounds

- Series A, Dec 15, 2021, $6M — Longview Innovation, Parkwalk Advisors, Oxford University Innovation Limited, Oxford Investment Consultants
- Series A, Jun 26, 2017, $22M — Goldman Sachs Asset Management, Oxford Sciences Enterprises, Oxford Investment Consultants

## Investors

- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series A
- Oxford Sciences Enterprises (https://capitalatlas.ai/funds/oxford-sciences-enterprises) — Series A
- Oxford Investment Consultants — Series A
- Longview Innovation (https://capitalatlas.ai/funds/longview-innovation) — Series A
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Series A
- Oxford University Innovation Limited — Series A