# Korbit Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/korbit-technologies

- Industry: Education/Training
- Headquarters: Montreal, Canada
- Website: www.korbit.ai
- Total disclosed funding: $11M
- Latest round: Series A (Aug 22, 2022)
- Investors on record: 9

## About

Korbit Technologies Inc., based in Quebec, Canada, specializes in AI-driven solutions for code review, enhancing software development efficiency and code quality through automated processes.Founded in 2017 and headquartered in Montreal, Canada, Korbit Technologies Inc. provides AI-powered code review solutions that integrate with popular version control systems. The company was co-founded by Iulian Serban, Ansona Ching, and Ekaterina Kochmar. As of August 2022, Korbit completed a Series A funding round, raising CAD 11.3 million, led by Khosla Ventures with participation from various investors including JFF Ventures and Desjardins Capital. The firm has engaged in a total of 3 deals to date, focusing on enhancing its platform capabilities.Korbit Technologies specializes in AI-powered code review solutions that integrate seamlessly with version control systems such as GitHub, GitLab, and Bitbucket. Its core service includes automated pull request reviews that provide comprehensive summaries and high-quality feedback, streamlining the code review process. The platform aims to serve technology teams and software developers, with endorsements from companies like Payground, Muus Collective, and Power Digital. Korbit's solutions are available in various global markets, particularly in North America and Europe, addressing the needs of engineering teams to improve software quality and reduce bugs in production.Korbit Technologies operates on a subscription-based revenue model with tiered pricing plans. The free tier, known as Korbit Starter, offers essential features including unlimited users and a limited number of monthly PR code reviews. The Korbit Pro plan is priced at CAD 9 per user annually or CAD 12 monthly, providing unlimited PR reviews, dedicated support, and additional features such as Korbit AI chat for review comments. This B2B business model enables companies to subscribe according to their team sizes and operational needs, primarily targeting engineering departments in technology firms to foster ongoing partnerships.In August 2022, Korbit Technologies Inc. raised CAD 11.3 million in Series A funding led by Khosla Ventures, with additional investments from JFF Ventures, Desjardins Capital, and others. The company plans to utilize this funding to enhance its platform and introduce the AI Mentor for Software Engineering, which is currently in development. Korbit aims to expand its presence in North America and Europe, targeting specific engineering teams in these regions for further growth.

## Funding rounds

- Series A, Aug 22, 2022, $8.7M — Khosla Ventures, Merus Capital, Desjardins Capital, Global Brain, Alumni Ventures Group, True Equity, Graphite Ventures, JFF Ventures
- Seed, Oct 2, 2019, $2M — Khosla Ventures, Real Ventures

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Seed, Series A
- Real Ventures — Seed
- Merus Capital — Series A
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Series A
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- True Equity (https://capitalatlas.ai/funds/true-equity) — Series A
- Graphite Ventures (https://capitalatlas.ai/funds/graphite-ventures) — Series A
- JFF Ventures (https://capitalatlas.ai/funds/jff-ventures) — Series A