Code Intelligence raised €2M in funding round led by LBBW Venture Capital

Code Intelligence, a Bonn, Germany-based software security company, closed a €2M ($2.2M) financing round.

The money was raised from investors led by LBBW Venture Capital with participation from Occident and Investiere.

Proceeds will be used to provide new features for the testing platform, including a cloud-based offering, and to expand the sales and customer success efforts.

Code Intelligence, founded in 2018 by Dr. Khaled Yakdan, Dr. Henning Perl, Sergej Dechand and Prof. Matthew Smith, has developed a platform allowing continuous and automated dynamic application security testing during the entire software development lifecycle.