Codota picks up $12M for AI platform that auto-completes developers’ code

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Codota, an Israeli startup that provides an AI tool to developers for autocompleting code strings, has raised $12 million in a Series A funding round led by e.ventures. Previous backer Khosla Ventures, along with new investors TPY Capital and Hetz Ventures, also participated in the round. The funding will be used to expand Codota's support for major programming languages and integrated development environments, as well as to acquire more customers. Codota's autocomplete tool has gained traction among developers, with companies like Google, Amazon, Netflix, Alibaba, Airbnb, and Atlassian among its users. The company's user base has grown over 1,000% in the past year, with over 1 million developers using it monthly. Codota's autocompletion technology combines semantic and textual analysis to provide precise coding assistance. The startup aims to improve developers' productivity by automating mundane and repetitive coding tasks, but it does not seek to replace developers entirely.

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