San Francisco-based startup CodeRabbit, which builds AI tools to review software codes, has doubled its revenue within six months of raising fresh capital.
The company, founded by Indian entrepreneur Harjot Gill, raised a $16 million Series B round earlier this year and has now crossed 10,000 customers and doubled its revenue. The startup has raised about $86 million in total funding so far and is ready for a Series C round in the coming months, Gill told ET.
India is among the company’s top three markets globally alongside the US and Japan. CodeRabbit, among the fastest growing platforms in the AI-led coding space, has also expanded its engineering presence with around 30 employees based in Bengaluru.
The company counts startups such as Swiggy, Groww among its customers and sees strong opportunity across IT services players like Infosys.
“We started about two and a half years ago because we saw that generative AI would transform how software is written,” Gill said. “As code generation scales up, the volume of code increases and quality becomes a challenge. That’s where CodeRabbit focuses on automated code reviews.”
CodeRabbit’s platform indirectly competes with GitHub Copilot, Cursor, Anthropic’s Claude Code and OpenAI’s Codex. But Gill described it as a “quality gate” for AI-generated software, reviewing code produced by various other AI coding assistants before it is deployed.
Even as consolidation accelerates in the AI developer tools space, Gill said CodeRabbit sees strong potential as a standalone company and is not considering any M&A options for now.
The rise of AI coding assistants has sparked fears that software engineers could eventually be replaced by AI systems. However, Gill believes the technology will augment developers.
“When we say software engineering is getting automated, that’s only if you assume the job is just writing code,” he said. “In reality, architecture design, product thinking and defining what needs to be built will remain human-driven for a long time.”
The rush of venture capital into AI startups reflects what Gill described as a “land grab phase”, where companies prioritise capturing users and shaping developer workflows over near-term profitability. “If companies don’t raise capital, a competitor will raise more and outgrow them,” he said.
While margins in the AI ecosystem remain under pressure due to high computing costs, improvements in hardware efficiency and model capabilities are expected to improve economics over time.
Gill, who graduated from Punjab Engineering College, moved to the United States with the goal of building startups.
His first company, Netsil, was acquired by Nutanix in 2018 for about $100 million. His second startup, FluxNinja, later evolved into CodeRabbit after an internal generative-AI tool gained unexpected traction among developers.
Gill believes the current generative AI wave represents a rare window for entrepreneurs. “This is probably the best time in the last 10-15 years to start a company,” he said. “It’s like a gold rush….massive value is being unlocked very rapidly.”
The company, founded by Indian entrepreneur Harjot Gill, raised a $16 million Series B round earlier this year and has now crossed 10,000 customers and doubled its revenue. The startup has raised about $86 million in total funding so far and is ready for a Series C round in the coming months, Gill told ET.
India is among the company’s top three markets globally alongside the US and Japan. CodeRabbit, among the fastest growing platforms in the AI-led coding space, has also expanded its engineering presence with around 30 employees based in Bengaluru.
The company counts startups such as Swiggy, Groww among its customers and sees strong opportunity across IT services players like Infosys.
“We started about two and a half years ago because we saw that generative AI would transform how software is written,” Gill said. “As code generation scales up, the volume of code increases and quality becomes a challenge. That’s where CodeRabbit focuses on automated code reviews.”
CodeRabbit’s platform indirectly competes with GitHub Copilot, Cursor, Anthropic’s Claude Code and OpenAI’s Codex. But Gill described it as a “quality gate” for AI-generated software, reviewing code produced by various other AI coding assistants before it is deployed.
Even as consolidation accelerates in the AI developer tools space, Gill said CodeRabbit sees strong potential as a standalone company and is not considering any M&A options for now.
The rise of AI coding assistants has sparked fears that software engineers could eventually be replaced by AI systems. However, Gill believes the technology will augment developers.
“When we say software engineering is getting automated, that’s only if you assume the job is just writing code,” he said. “In reality, architecture design, product thinking and defining what needs to be built will remain human-driven for a long time.”
The rush of venture capital into AI startups reflects what Gill described as a “land grab phase”, where companies prioritise capturing users and shaping developer workflows over near-term profitability. “If companies don’t raise capital, a competitor will raise more and outgrow them,” he said.
While margins in the AI ecosystem remain under pressure due to high computing costs, improvements in hardware efficiency and model capabilities are expected to improve economics over time.
Gill, who graduated from Punjab Engineering College, moved to the United States with the goal of building startups.
His first company, Netsil, was acquired by Nutanix in 2018 for about $100 million. His second startup, FluxNinja, later evolved into CodeRabbit after an internal generative-AI tool gained unexpected traction among developers.
Gill believes the current generative AI wave represents a rare window for entrepreneurs. “This is probably the best time in the last 10-15 years to start a company,” he said. “It’s like a gold rush….massive value is being unlocked very rapidly.”
