New funding: Moderne landed $4.7 million for its software that helps developers save time by automating code migration and fixes. The Seattle-based company was founded by Olga Kundzich and Jonathan Schneider, former colleagues at Pivotal Software, which was acquired by VMware in 2019.
The tech: The software is based on OpenRewrite, a large-scale automated refactoring tool for code that Schneider developed during a stint at Netflix. Refactoring is a term used in software development that describes the process of restructuring code while preserving existing functionality.
Companies use Moderne when they upgrade third-party dependencies, libraries, and frameworks; when scanning code to eliminate CVEs, or Common Vulnerabilities and Exposures; and for maintaining internal APIs.
The idea is to give developers a way to keep up with changes across a codebase at a time when code volume and variety are growing.
Competition: Schneider said there are few products that perform automated fixes in code. There are search-and-report technologies such as Github’s CodeQL, Sourcegraph, and others. Products such as Contrast Security, Rapid7, and Tenable help reduce cybersecurity risk, but none close off attack vectors back at the source in the code itself, according to Schneider.
What’s next? Moderne has been in a restricted beta program, but the new funding will help bring the product to market and grow its team. The company has less than 15 employees.
Investors: True Ventures led the round, which included participation from Mango Capital, Overtime.vc, Github CTO Jason Warner, Datadog co-founder and CEO Olivier Pomel, and Coverity co-founder and former CTO Andy Chou.