Apr 26, 2022 - Economy

Software bug-finder SonarSource valued at $4.7 billion

Animated illustration of eyes in binary code.

Illustration: Shoshana Gordon/Axios

SonarSource, a Geneva-based code quality maintenance startup, raised $412 million at a $4.7 billion valuation co-led by Advent International and General Catalyst.

Why it matters: Perhaps only thing harder than writing source code is keeping it clean, particularly as new releases accelerate and proliferate.

  • That's creating a cottage industry of cloud software providers like SonarSource, which complement existing QA teams.

Other investors include Permira and Insight Partners.

The bottom line: "An alarming report from Veracode and Enterprise Strategy Group found that nearly half of organizations knowingly ship vulnerable code despite using cybersecurity tools, often to meet release deadlines." — Kyle Wiggers, TechCrunch

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