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Axios Pro Rata

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

Software bug-finder SonarSource valued at $4.7 billion

Animated illustration of eyes in binary code. 

Venture capital

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.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Software bug-finder SonarSource valued at $4.7 billion

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