Moderne has successfully raised $30 million in Series B funding, with notable participation from Acrew Capital and existing investors. The funding underlines Moderne's unique position in tackling technical debt and facilitating code modernization, especially for enterprises with extensive codebases. Unlike recent AI coding assistants which focus primarily on writing new code, Moderne's platform efficiently analyzes and transforms legacy applications, ensuring ongoing maintenance and security of existing code. Developed from the OpenRewrite project, Moderne's approach offers viable solutions for complex coding challenges faced by major enterprises.
"Moderne's technology is purpose-built for this scale, plus it complements and improves this new generation of AI for code. Moderne has redefined what success in code modernization looks like."
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