SonarSource in a $412 million equity deal backed by Advent International and General Catalyst.
SonarSource, a Geneva, Switzerland-based software company doing code quality maintenance, announced completing a $412 million equity financing round.
The money was raised from at investors co-led by Advent International and General Catalyst, and joined by Permira and Insight Partners. The deal is said to be made at a $4.7 billion valuation. The proceeds will be used to grow its go-to-market team globally as the company drives toward $1 billion in revenue.
SonarSource, founded in 2008 by Freddy Mallet, CEO Olivier Gaudin and Simon Brandhof, develops open source software for continuous code quality and security, used by more than five million developers at more than 300,000 organizations.
SonarSource previously raised $46 million in 2016.









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