CodeRabbit, the AI‑powered code review platform founded by former FluxNinja CEO Harjot Gill, announced a $60 million Series B financing that values the company at $550 million. The startup, launched in early 2023 after Gill observed widespread adoption of AI coding assistants like GitHub Copilot, now serves more than 8,000 businesses, including Chegg, Groupon and Mercury. Riding rapid growth—20 percent month‑over‑month and over $15 million in annual recurring revenue—CodeRabbit aims to cut human code‑review effort in half. The round was led by Scale Venture Partners with participation from NVentures and CRV, while competitors such as Graphite and Greptile also pursue funding.
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