# Moderne

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.moderne.ai/
- Total disclosed funding: $50M
- Latest round: Series B (Feb 11, 2025)
- Investors on record: 9

## About

Moderne, Inc., based in the US, specializes in software solutions that automate code refactoring and analysis for extensive codebases, enhancing the productivity and security of development teams across various sectors.Founded in 2020 by Jonathan Schneider and Olga Kundzich, Moderne, Inc. operates out of San Francisco, US. The company has evolved its business strategy to focus on automated code modernization solutions. As of February 2025, Moderne raised USD 30 mn in Series B funding, led by Acrew Capital, with participation from multiple investors such as American Express Ventures and Morgan Stanley. The total amount raised by the company stands at USD 30 mn, with a current valuation of USD 131.364 mn.Moderne specializes in a developer platform that focuses on automating code refactoring and analysis across extensive codebases of thousands of projects and millions of lines of code. The core offering employs OpenRewrite technology to facilitate multi-repository code transformations, enabling teams to effectively manage technical debt and streamline code migrations. By leveraging artificial intelligence, Moderne provides real-time data to enhance the decision-making capabilities of large language models (LLMs), thereby allowing for swift and accurate code transformations across diverse repositories. The platform is aimed at organizations looking to improve development productivity, enhance security through timely framework migrations, and consolidate technology stacks. Key markets for Moderne include North America and Europe, where its services cater to a wide range of sectors including finance, healthcare, and technology, serving clients such as MEDHOST and Choice Hotels.Moderne generates revenue primarily through subscription-based models, offering varied plans that cater to different organizational needs for software refactoring and modernization. Clients typically engage in annual or monthly subscriptions, allowing access to a suite of tools designed for automating code transformations and conducting thorough codebase analyses. The platform’s services enhance productivity and security, making it an essential asset for engineering teams across multiple sectors. Specific pricing details and transactional structures are tailored to the unique requirements of each client, facilitating partnerships that may involve variable fee arrangements based on project scope and service usage. The flagship product offerings, rooted in extensive customization capabilities, further strengthen the company's position within the competitive landscape of code modernization and vulnerability remediation.In February 2025, Moderne, Inc. raised USD 30 mn in Series B funding aimed at advancing its code modernization initiatives. The funding will support the development of new products and enhancements to existing offerings, focusing on automating code refactoring processes. Moderne plans to expand its services into new geographic regions, targeting additional markets in Asia and Australia by 2026 as part of its growth strategy.

## Funding rounds

- Series B, Feb 11, 2025, $30M — Morgan Stanley Investment Management, Intel Capital, True Ventures, American Express Ventures, Mango Capital, Acrew Capital, Allstate Strategic Ventures, TIAA Ventures
- Series A, Dec 22, 2021, $15M — Intel Capital, True Ventures, Mango Capital, Allstate Strategic Ventures
- Seed, Jun 21, 2021, $4.7M — True Ventures, Mango Capital, Overtime.vc

## Investors

- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Seed, Series A, Series B
- Mango Capital (https://capitalatlas.ai/funds/mango-capital) — Seed, Series A, Series B
- Overtime.vc — Seed
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- Allstate Strategic Ventures (https://capitalatlas.ai/funds/allstate-strategic-ventures) — Series A, Series B
- Morgan Stanley Investment Management — Series B
- American Express Ventures (https://capitalatlas.ai/funds/american-express-ventures) — Series B
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Series B
- TIAA Ventures (https://capitalatlas.ai/funds/tiaa-ventures) — Series B