Sourcegraph develops a "universal code search" product that understands code as code and the connections between code, enabling developers to search, understand and automate code. The company says the tool helps developers and site reliability engineers find problems and vulnerabilities and quickly locate the specific part of code where issues occur. Paying customers include Plaid, Uber, GE and Atlassian; Sourcegraph reports 800,000 developers used the product over the last 12 months and it has indexed over 54 billion lines of code. Founded in 2013, the company has around 160 employees and expects to grow headcount to 250 by the end of the year with the new capital. Sourcegraph went fully remote in January 2020 and plans to remain remote. CEO Quinn Slack says the company considers an eventual IPO as part of its long-term strategy. Sourcegraph provides Universal Code Search that improves developer productivity with code navigation and contextual code intelligence that integrates with any stack. Its platform offers a single place to find, update, patch, or share code across repositories, languages, tools, and platforms. Led by co-founder and CEO Quinn Slack, the company signed some of the world’s largest brands in 2020, including 26 major enterprise customers and users such as Amazon, Atlassian, Capital One, Lyft, PayPal, Uber and Yelp. Sourcegraph will use the new capital to expand its team and accelerate adoption of Universal Code Search. The company has raised $98M in total funding to date. Investors include Sequoia Capital, Craft Ventures, Redpoint Ventures and Goldcrest Capital. Sourcegraph develops Universal Code Search and operates Sourcegraph Cloud to let developers find and fix things across all code faster. The company received an additional $5 million in a recent funding round, bringing total raised to over $46 million. The new capital will be used to invest in Universal Code Search and Sourcegraph Cloud. Demand for Sourcegraph is surging as the pandemic has changed how software developers work and many now work from home. Sourcegraph says remote development requires solutions that boost productivity and enable effective team collaboration. Universal Code Search is presented as useful for handling rapidly growing codebases, proliferating repositories, multiple languages and file formats, and diverse developer tools. Sourcegraph provides Sourcegraph Universal Code Search, a product that enables developers to explore and understand all code everywhere, improving developer productivity with code navigation and contextual code intelligence. Universal Code Search ties together information from many tools and repositories on code hosts, dependency relationships among projects, and application runtime information. Its core capabilities include code search, code navigation, code exploration, code discovery, code intelligence, and code change management, including campaigns to automate large-scale code changes. Led by CEO and co-founder Quinn Slack, the company intends to use new funding to expand operations and broaden its business reach. Sourcegraph is based in San Francisco, CA. Financially, the company secured $23m in a Series B round announced in March 2020. Sourcegraph provides a development environment focused on code intelligence and live collaboration, enabling developers to semantically search code, see who is using specific lines, and track where code is deployed. The product integrates with developers' preferred editors (e.g., Sublime Text) or a company's internal development environment to surface who is working on what in real time. Founders Quinn Slack and Beyang Liu created the company to speed up development workflows, reduce duplicated bug fixes, and bring FAANG-style collaboration to banks and other non-FAANG organizations. The company highlights customers building self-driving cars and rockets as examples of users who benefit from faster, more collaborative development. Financially, Sourcegraph has just completed a $20 million Series A financing to support these efforts.

Total raised

$223M

Funding rounds

5

Latest round

Series D

Latest activity

Jul 2021