The company intends to use the new financing for addressing rapidly increasing demand for Universal Code Search and empowering the developers for managing challenges of Big Code in a better way. The series C round of source graph also included participation from its existing investors Craft, Goldcrest, Felicis and Redpoint.
The funding was led on the grounds of their increasing customer count and revenue which is growing 4 times year per year. With Sequoia joining their side the company will invest in new big projects which will make the Universal Code Search more helpful and better.
Sourcegraph aims at making everyone code easily. In the world with around 0.1 % of the population that can code they are experiencing a rapid and widely beneficial technology process. Presently advancing their mission means building the Universal Code Search for solving problems caused by Big Code such that the world’s developers can code more efficiently.
Andrew Reed, Partner at Sequoia Capital said, “The Universal Code Search of Sourcegraph serves as the “Google for developers”, empowers the engineering teams for quickly traversing big code bases and finding and analyzing the impact of particular code lines. It is a must have productivity tool for the developer community and will become the system of intelligence for coding.”
They are an independent Universal Code Search enterprise and committed to integrate the products of every vendor on the basis of what the users and customers really need. With the help of Sequoia, Sourcegraph will continue the expansion for the awareness of the Big Code problem and bring the universal code search available to more organizations and developers. The platform takes even less than 5 minutes for setting up and starting searching the code locally.
Sourcegraph develops the Universal Code Search for every company and developer in order to help them in innovating rapidly. They helped the companies and developers with billions of lines of code for creating the software that people use every day. Founded in 2013 by Beyang Liu and Quinn Slack, the company is headquartered in San Francisco, California. The consumers of the platform include Paypal, Yelp, Amazon, Lyft and many more. It is an all remote enterprise that works asynchronously across several time zones and continents.
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