US-based CodeRabbit has raised $143m in a Series C round that values the business at $1.5bn, while also launching a set of tools dubbed Agentic Change Management.
Atomico and Smash Capital co-led the round. New backers include BMW i Ventures, Hirtle Callaghan, Datadog, Scenic Management, and SineWave Ventures alongside existing investors CRV, Flex Capital, Scale Venture Partners, Harmony Partners, Pelion Venture Partners and Engineering Capital.
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Luca Eisenstecken, a partner at Atomico, joins CodeRabbit’s board of directors.
The AI code review company said the Series C proceeds will fund international expansion, research and product development.
The raise comes less than a year after a $60m Series B.
CodeRabbit said revenue grew more than five times year on year. The company carries out more than two million code reviews a week and counts more than 17,000 customers, including Adyen, Indeed, BMW, Nvidia, JFrog, Trivago and Campfire.
Over the next 12 months, CodeRabbit plans to spend more than $10m to keep its code review and agent features free for open source projects and maintainers.
CodeRabbit co-founder and CEO Harjot Gill said: “Code changes now originate across the software organisation, including from developers, non-technical personnel, as well as from coding agents to issue trackers, support systems, and production alerts. Every change creates a decision for the team.
“We pioneered AI code review to give teams an independent system that validates the work before it ships. Agentic Change Management expands that layer to determine what deserves attention, explain each change’s impact, and continue monitoring the codebase after it ships.”
According to CodeRabbit, Agentic Change Management is a control layer for governing, understanding and shipping software created by people and agents.
Agentic Change Management extends its existing review work into a wider system for governing software change, spanning validation, prioritisation, explanation and continuous monitoring through a single system.
The company said it checks changes made by developers and AI agents using repository-wide context, organisational standards, pre-merge checks, team knowledge and evidence from isolated test environments.
Coding agents can act on findings through automated fix-and-re-review loops before a human looks at the work.
Three products, CodeRabbit Triage, CodeRabbit Security and Change Stack, are available now.
Triage scores incoming pull requests by value, urgency, risk, dependencies, readiness and reviewer fit, routing lower-risk changes to automated workflows.
Change Stack replaces alphabetical file views with a guided view of contracts, domain behaviour, integrations, tests and migrations.
Security runs full-repository scans and continuous monitoring of code already in production, using the company’s codegraph technology to examine trust boundaries and check findings against code evidence.
Eisenstecken said: “CodeRabbit’s independent review system and deep contextual understanding position it as the control layer for agentic software development. The company’s growth and product depth convinced us that CodeRabbit is defining the new and critical field of Agentic Change Management.”
