DevOps.com

  • Latest
    • Articles
    • Features
    • Most Read
    • News
    • News Releases
  • Topics
    • AI
    • Continuous Delivery
    • Continuous Testing
    • Cloud
    • Culture
    • DataOps
    • DevSecOps
    • Enterprise DevOps
    • Leadership Suite
    • DevOps Practice
    • ROELBOB
    • DevOps Toolbox
    • IT as Code
  • Videos/Podcasts
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
    • DevOps Unbound
  • Webinars
    • Upcoming
    • Calendar View
    • On-Demand Webinars
  • Library
  • Events
    • Upcoming Events
    • Calendar View
    • On-Demand Events
  • Sponsored Content
  • Related Sites
    • Techstrong Group
    • Cloud Native Now
    • Security Boulevard
    • Techstrong Research
    • DevOps Chat
    • DevOps Dozen
    • DevOps TV
    • Techstrong TV
    • Techstrong.tv Podcast
    • Techstrong.tv - Twitch
  • Media Kit
  • About
  • Sponsor
  • AI
  • Cloud
  • CI/CD
  • Continuous Testing
  • DataOps
  • DevSecOps
  • DevOps Onramp
  • Platform Engineering
  • Sustainability
  • Low-Code/No-Code
  • IT as Code
  • More
    • Application Performance Management/Monitoring
    • Culture
    • Enterprise DevOps
    • ROELBOB
Hot Topics
  • Cisco Acquires Splunk to Create Observability Powerhouse
  • Nobl9 Unfurls Reliability Center for Managing SLOs
  • Harness Launches Open Source Gitness Platform
  • Documentation as Code: A Game Changer for DevOps Teams?
  • Innersourcing Open Source Principles in the Enterprise

Latest News Releases Sourcegraph Secures $50 Million in Series C Funding for Universal Code Search

Sourcegraph Secures $50 Million in Series C Funding for Universal Code Search

By: Deborah Schalm on December 3, 2020 Leave a Comment

Universal Code Search Empowers Developers to Tackle Challenges of Big Code; Andrew Reed of Sequoia Joins Board of Directors

Recent Posts By Deborah Schalm
  • Exabeam Reinvents Security Analytics with Fusion XDR and Fusion SIEM Cloud Products to Address Security Needs at Scale
  • New Study Reveals Importance of Optimized Strategy for the Selection, Support, and Maintenance of Open Source Software
  • Applitools Integrates With Rally for Fast and Automated Bug Management
More from Deborah Schalm
Related Posts
  • Sourcegraph Secures $50 Million in Series C Funding for Universal Code Search
  • Universal Code Search Combinations
  • New Survey Highlights Codebase Size Problems
    Related Categories
  • Latest News Releases
    Related Topics
  • Sourcegraph
Show more
Show less

SAN FRANCISCO — December 3, 2020 — Sourcegraph, the leader in Universal Code Search, announced today that it has secured $50 million in Series C funding led by Sequoia Capital. Sourcegraph will use the new funds to address the increasing demand for Universal Code Search, empowering developers to better manage the challenges of Big Code. Sourcegraph also announced that Andrew Reed, partner at Sequoia, has joined the company’s Board of Directors.

“We’ll use this additional funding to ensure long-term independence and make Universal Code Search an even more powerful tool for developers everywhere,” said Quinn Slack, co-founder and CEO at Sourcegraph. “We plan to invest $10M into code intelligence for deeper analysis of the top 40 programming languages, $20M into a secure and scalable Sourcegraph Cloud for large enterprises, and make similar-sized investments into code insights and campaigns.”

AWS Builder Community Hub

Big Code is one of the most pressing innovation blockers facing developers and enterprise brands today. According to a recent survey, 94 percent of developers are personally affected by the phenomenon. As code continues to grow rapidly in volume, variety, velocity, and value, companies’ speed of innovation becomes more and more dependent on developers’ ability to efficiently manage code across large, complex codebases. Sourcegraph’s Universal Code Search improves developer productivity with critical code navigation and contextual code intelligence that integrates with any stack, providing a single place to find, update, patch, or share code across repositories, languages, tools, and platforms.

“Every company is facing Big Code problems, and Universal Code Search is the common solution. Sourcegraph has built a beloved product and is the emerging market leader in code search,” said Andrew Reed, partner at Sequoia. “Sourcegraph’s Universal Code Search essentially serves as ‘Google for developers,’ empowering engineering teams to quickly traverse massive codebases and find and analyze the impact of specific lines of code. Sourcegraph is a must-have productivity tool for all developers and will become the system-of-intelligence for code.”

In just the past two months, companies have used Sourcegraph to search across 11 billion lines of code; 5x more than the total lines of code in Google’s entire codebase. Sourcegraph signed some of the world’s largest brands in 2020, including 26 major enterprise customers, with zero enterprise churn.

“Millions of users around the world rely on Atlassian products every day to collaborate,” said Sri Viswanath, Chief Technology Officer at Atlassian. “Sourcegraph helps our engineering teams better manage code in order to build and ship quality products to our customers faster.”

Since Sourcegraph’s Series B in March 2020, the company has grown significantly, increasing annual recurring revenue 4x with 245 percent net ARR retention. The company also more than doubled its fully remote team, and plans to scale to 100 teammates by January 2021. Sourcegraph’s growth is fueled by rapid adoption by development teams at top companies like Amazon, Atlassian, Capital One, Lyft, PayPal, Uber, Yelp, and many others. With this round, the company has raised a total of $98 million in funding to date.

Learn more about how enterprise organizations are driving innovation with Universal Code Search here.

About Sourcegraph

Sourcegraph helps companies solve Big Code problems so developers can innovate faster. Sourcegraph’s Universal Code Search is the only solution that empowers developers to easily find and understand code and fix problems across the entire codebase. Companies using Sourcegraph benefit from accelerated software iteration, improved code quality, faster bug fixes and incident response times, more effective remote coding collaboration, safer legacy code deprecation, better coding insights and more. Sourcegraph’s customers include many of the world’s leading companies, such as Amazon, PayPal, Uber, Lyft, Yelp, Atlassian, and Indeed. The all-remote company is backed by Sequoia Capital, Craft Ventures, Redpoint Ventures, and Goldcrest Capital.

Visit sourcegraph.com/jobs for career opportunities, follow Sourcegraph on Twitter at @srcgraph, or visit about.sourcegraph.com.

 

Filed Under: Latest News Releases Tagged With: Sourcegraph

« BVSSH and the Digital Zeitgeist
Copado Launches Value Stream Management for Salesforce™, the Cloud Industry’s First Complete DevOps Platform »

Techstrong TV – Live

Click full-screen to enable volume control
Watch latest episodes and shows

Upcoming Webinars

Cloud Security Turbocharged: A Wild Ride of Innovation, Threats and Staying Ahead
Friday, September 22, 2023 - 11:00 am EDT
Infosys Zero Cost Mainframe Transformations
Monday, September 25, 2023 - 11:00 am EDT
How PRINCE2 Improves Cybersecurity
Tuesday, September 26, 2023 - 11:00 am EDT

GET THE TOP STORIES OF THE WEEK

Sponsored Content

JFrog’s swampUP 2023: Ready for Next 

September 1, 2023 | Natan Solomon

DevOps World: Time to Bring the Community Together Again

August 8, 2023 | Saskia Sawyerr

PlatformCon 2023: This Year’s Hottest Platform Engineering Event

May 30, 2023 | Karolina Junčytė

The Google Cloud DevOps Awards: Apply Now!

January 10, 2023 | Brenna Washington

Codenotary Extends Dynamic SBOM Reach to Serverless Computing Platforms

December 9, 2022 | Mike Vizard

Latest from DevOps.com

Cisco Acquires Splunk to Create Observability Powerhouse
September 21, 2023 | Mike Vizard
Nobl9 Unfurls Reliability Center for Managing SLOs
September 21, 2023 | Mike Vizard
Harness Launches Open Source Gitness Platform
September 21, 2023 | Mike Vizard
Documentation as Code: A Game Changer for DevOps Teams?
September 21, 2023 | Gilad David Maayan
Innersourcing Open Source Principles in the Enterprise
September 21, 2023 | Bill Doerrfeld

TSTV Podcast

On-Demand Webinars

DevOps.com Webinar ReplaysDevOps.com Webinar Replays

Most Read on DevOps.com

Why Enterprises Should Embrace Data-Driven Software Management
September 15, 2023 | Alex Circei
Should You Measure Developer Productivity?
September 18, 2023 | Bill Doerrfeld
Buildkite Acquires Packagecloud to Streamline DevOps Workflows
September 19, 2023 | Mike Vizard
JFrog swampUP: Addressing the Advent of AI
September 18, 2023 | William Willis
DevOps is Making Gains on Mainframe Platforms
September 15, 2023 | Mike Vizard
  • Home
  • About DevOps.com
  • Meet our Authors
  • Write for DevOps.com
  • Media Kit
  • Sponsor Info
  • Copyright
  • TOS
  • Privacy Policy

Powered by Techstrong Group, Inc.

© 2023 ·Techstrong Group, Inc.All rights reserved.