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Code Intelligence

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Provides modern security testing solutions using coverage based fuzzing

Bonn, GermanyFounded 2017Cybersecurity
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Code Intelligence

Code Intelligence is a German cybersecurity firm that provides an automated software security testing platform designed for developers. The company was established in 2018 by Sergej Dechand, Khaled Yakdan, and Matthew Smith, who began their collaboration while conducting research on IT security and privacy at the University of Bonn. Their shared interest in ethical hacking led them to automate the vulnerability discovery process. Dechand, the CEO, brings over 15 years of experience in software development and IT security, including roles as a consultant and project manager at Fraunhofer FKIE. Yakdan, the Chief Product Officer, holds a Ph.D. in Computer Science and has an extensive academic background in malware analysis and reverse engineering. Smith is a Professor of Computer Science at the University of Bonn and a recognized expert in Usable Security and Privacy.

The company's core business revolves around a Software-as-a-Service (SaaS) model, targeting mid-to-large-sized companies with modern development teams. Its client roster includes major corporations like Bosch, Continental, Deutsche Telekom, and the Volkswagen Group's CARIAD. Code Intelligence addresses the need for early bug detection in the software development lifecycle, a stage where fixing vulnerabilities is significantly less costly. The platform employs dynamic analysis techniques, including advanced AI and feedback-based fuzz testing, which mimic a hacker with internal knowledge of an application to unearth vulnerabilities deep within the codebase that other testing methods might miss. This "white-box" approach generates millions of automated test cases, helping to eliminate the high volume of false positives often associated with traditional static testing.

The main product, the CI Fuzz platform, integrates directly into the development workflow, allowing for continuous testing with every pull request without developers needing to leave their integrated development environment (IDE). It provides detailed reports and audit trails for compliance with standards such as ISO 21434. The platform supports a variety of programming languages, including C/C++, Java, Go, and JavaScript. A significant milestone for the company was the 2021 launch of its open-source Java fuzzing engine, "Jazzer," which has been integrated into Google's OSS-Fuzz and has identified hundreds of vulnerabilities. The company has secured significant funding, including a $12 million Series A round in June 2022, to further product development and expand its team.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2017
Headquarters
Bonn, Germany
Employees
17
Open positions
None listed
Dealroom signal
61.4/100
Industry
Security
Sub-industry
Cloud & Infrastructure
Sector
Cybersecurity, Testing, Spinout, Hard Tech, DT and LS
Technology
Deep Tech, IoT InternetOfThings
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Jun 2022 $12M $48M HTGF · Landesbank Baden Württemberg · Thomas Dohmke · OCCIDENT ↗
GRANT✓Other financing Nov 2021 $503K — Undisclosed —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearProfitMargin
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2022 —
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2020 —
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Growth signals

Code Intelligence website traffic

Latest recorded traffic for Code Intelligence is 15K monthly website visits, down 6.3% over the last three months. Code Intelligence's team declined 19% over the past year.

Latest monthly visits15K 3-month web change-6.3% 1-year team growth-19%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

12 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • HTGF
  • DIGITAL HUB REGION BONN
  • OCCIDENT
  • Verve Ventures
  • LBBW Venture Capital

Series A3 investors entered at this stage

  • Tola Capital
  • Landesbank Baden Württemberg
  • Thomas Dohmke

Other known investors4 additional known investors

  • Intel Ignite
  • University of Bonn
  • Ignite Next
  • MobilityXlab
Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇩🇪 Germany93.3%
🇨🇭 Switzerland6.7%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Code Intelligence on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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