Code Verification Startup Qodo Raises $70M as AI-Generated Code Scales

Qodo, a New York-based code verification startup founded by Itamar Friedman in 2022, raised $70 million in Series B funding led by Qumra Capital, bringing total funding to $120 million. The company addresses a critical gap in AI-driven software development: while AI coding tools generate billions of lines of code monthly, 95% of developers distrust AI-generated code and only 48% consistently review it before deployment. Qodo builds AI agents for code review, testing, and governance that factor in organizational standards and system-wide impacts, recently launching Qodo 2.0 as a multi-agent review system. The startup ranked first on Martian's Code Review Bench with 64.3%, more than 10 points ahead of competitors, and serves enterprise customers including Nvidia, Walmart, Red Hat, Intuit, and Texas Instruments.

Qodo's $70M Series B funding and company background

• ▪Itamar Friedman worked at Mellanox on automating hardware verification using machine learning.
• ▪Qodo raised a $70 million Series B funding round led by Qumra Capital.
• ▪Qodo's Series B round included participation from Maor Ventures, Phoenix Venture Partners, S Ventures, Square Peg, Susa Ventures, TLV Partners, Vine Ventures, Peter Welinder from OpenAI, and Clara Shih from Meta.
• ▪Itamar Friedman founded Qodo months before the launch of ChatGPT.
• ▪Itamar Friedman founded Qodo in 2022.
• ▪Qodo's total funding reached $120 million following the Series B round.
• ▪Itamar Friedman led the machine vision business at Alibaba.

The emerging bottleneck in AI-generated code verification

• ▪A survey showed that 95% of developers do not fully trust AI-generated code.
• ▪Only 48% of developers consistently review AI-generated code before committing it.
• ▪AI coding tools generate billions of lines of code each month.

Qodo's differentiated approach and market performance

• ▪Qodo ranked number one on Martian's Code Review Bench with a score of 64.3%.
• ▪Qodo launched Qodo 2.0 in the past month as of March 2026.
• ▪Qodo's score on Martian's Code Review Bench was 25 points ahead of Claude Code Review.

Enterprise adoption and future vision for stateful AI systems

• ▪Qodo's enterprise customers include Nvidia, Walmart, Red Hat, Intuit, and Texas Instruments.
• ▪Itamar Friedman stated that the software industry is entering a new phase moving from stateless AI to stateful systems.
• ▪Itamar Friedman described the transition from stateless AI to stateful systems as moving from intelligence to artificial wisdom.

Perspective of Itamar Friedman

• ▪Itamar Friedman believes the software industry is transitioning from intelligence to artificial wisdom.
• ▪Itamar Friedman positions Qodo's approach as focusing on how code changes affect entire systems rather than isolated modifications.

Perspective of Software developers

• ▪Software developers demonstrate a trust-behavior gap where 95% distrust AI-generated code yet only 48% consistently review it.

Perspective of Enterprise technology companies

• ▪Enterprise technology companies including Nvidia, Walmart, Red Hat, Intuit, and Texas Instruments use Qodo for code verification.

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