Qodo, a New York-headquartered startup, has secured $70 million in a Series B round led by Qumra Capital, bringing its total funding to $120 million.

The round also included participation from Maor Ventures, Phoenix Venture Partners, S Ventures, Square Peg, Susa Ventures, TLV Partners, Vine Ventures, Peter Welender (OpenAI), and Clara Shih (Meta). The company aims to be a key layer in improving trust in AI-generated code, especially as enterprises adopt tools like OpenClaw and Claude Code.

As AI coding tools generate billions of lines of code each month, ensuring that software works as intended is becoming a critical challenge.

Itamar Friedman, the founder of Qodo, anticipates that verification will define the next phase of software development, a problem the company seeks to solve with its AI agents for code review, testing, and governance.

Unlike other tools, Qodo focuses on how code changes affect entire systems, factoring in organizational standards, historical context, and risk tolerance.

This helps companies manage AI-generated code more confidently, an approach that distinguishes Qodo in the market.

Itamar Friedman, co-founder of Visualead and former head of machine vision business at Alibaba, founded Qodo in 2022.

His experience at Mellanox and Alibaba, where he observed the evolution of AI, convinced him of the need for code verification systems distinct from generation, especially before the launch of ChatGPT.

A recent survey reveals that while 95% of developers don't fully trust AI-generated code, only 48% consistently review it before committing.

This highlights a gap between awareness and practice, a problem that Qodo seeks to address with its solutions.

Qodo stands out in the market thanks to its performance, achieving first place on Martian's Code Review Bench with a score of 64.3%.

The company has launched Qodo 2.0, a multi-agent code review system, and has introduced tools that learn each organization's definition of code quality.

Qodo is already working with major enterprises such as NVIDIA, Walmart, Red Hat, Intuit, and Texas Instruments, as well as high-growth firms like Monday.com and JFrog.

The company is entering a new phase, moving from stateless AI to stateful systems, from intelligence to 'artificial wisdom'.