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Coderrect
Full stack smart-contract auditor and automated blockchain security service
About Coderrect
Founded in 2019, Coderrect is a Texas-based company specializing in advanced static analysis tools for software developers. The firm was established to address the critical need for enhanced software reliability and performance by automatically detecting concurrency bugs, such as race conditions, in multi-threaded programs. While the specific founders are not publicly detailed, the team includes leading researchers in static analysis and high-performance computing who have been instrumental in the development of the company's core technology.
Coderrect's primary offering is the Coderrect Scanner, a command-line tool designed for Linux-based systems that supports C, C++, and Fortran source codes. This static analyzer examines software without needing to execute it, a feature that significantly speeds up the debugging process for developers working on complex applications. The tool integrates with common parallel programming interfaces like OpenMP, pthread, and C++ std::thread. To facilitate adoption within modern development practices, Coderrect provides a GitHub Action that allows for seamless integration into CI/CD workflows, enabling automated concurrency bug detection with every code commit. The business model appears to be software-licensing based, targeting enterprise customers who develop high-performance and concurrent software.
The company also operates under the name Sec3, which focuses on providing security tools and audits for Web3 smart contracts, indicating a strategic expansion into the blockchain security market. This arm of the business offers the Sec3 Auto Auditor software, which automatically scans for vulnerabilities in Solana smart contracts. Coderrect has demonstrated notable technical achievements, including being ranked #1 on DataRaceBench for its detection capabilities. The company has secured funding to fuel its growth, including a grant in 2020 and a more significant funding round in late 2021.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Jun 2022 | $10M | $40M | Undisclosed | ↗ |
| EARLY VCEquity / VC | Jan 2022 | $4M | $16M | Alameda Research | ↗ |
Growth signals
Latest recorded traffic for Coderrect is 160 monthly website visits, down 27.3% over the last three months. Coderrect's team grew 0% over the past year.
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Investors
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Series A1 investor entered at this stage
Alameda Research
Source: Dealroom Talent Intelligence.
Global footprint
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