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CodeRabbit Raises $60M

Harjot Gill was running FluxNinja, an observability startup he co-founded several years after selling his first startup Netsil to Nutanix in 2018, when he noticed a curious trend.  In early 2023, Gill started CodeRabbit, an AI-powered code review platform, and it acquired FlexNinja. Gill’s prediction has come true: developers are now regularly using AI coding assistants to generate code, but the output is often buggy, forcing engineers to spend a lot of time on corrections. CodeRabbit can help catch some of the errors. The business has been growing 20% a month and is now making more than $15 million in annual recurring revenue.