CodeRabbit raises $143M at $1.5B valuation for AI code review

AI code review startup CodeRabbit announced on August 12, 2026, that it has raised $143 million in a Series C funding round, valuing the company at $1.5 billion. The funding round was co-led by venture capital firms Atomico and Smash Capital, with participation from new investors including BMW i Ventures, Datadog, and Hirtle Callaghan. Existing backers such as CRV, Scale Venture Partners, and Flex Capital also participated.

The investment comes less than a year after the company's $60 million Series B round and reflects growing investor confidence in tools that manage the surge of AI-generated code. CodeRabbit, headquartered in San Francisco with a recently opened London office, provides an AI-powered platform that automatically reviews code as it is written, helping developers catch errors and security vulnerabilities. The company reports that its platform now performs more than 2 million code reviews each week and serves over 17,000 customers, including Nvidia, BMW, JFrog, and Indeed.

Alongside the funding, CodeRabbit launched a new product called Agentic Change Management. CEO and co-founder Harjot Gill explained that the platform addresses a new challenge: "Code changes now...