SonarSource, a code quality company, has raised $412m from a funding round co-led by Advent International and General Catalyst.
The round also saw participation from existing investor Insight Venture Partners. Following this raise, SonarSource has bumped its valuation up to $4.7bn.
Founded in 2008, Swiss firm SonarSource enables developers and development teams to write clean code and remediate existing code organically so they are able to focus on the work that matters to them.
The company – which has dual headquarters in Geneva and Texas – has developed a range of open source and commercial solutions which support 29 different programming languages.
SonarSource claims that its products help over 5 million developers write high-standard code that is free of bugs and security vulnerabilities. The firm added that its tools can be used to embed clean code directly into the development process, which strengthens the overall health of the code base and reducing tech debt.
SonarSource said it will use the new funding to grow its go-to-market team globally as it drives toward a $1 billion revenue target. It also plans to open new regional headquarters in Singapore to drive a push into the APAC market.
Copyright © 2022 RegTech Analyst
Copyright © 2018 RegTech Analyst
