SonarSource Raised $412M in Funding. Valued at USD4.7 Billion
SonarSourceThe platform for clean code based in Geneva, Switzerland, received $412 million in funding at a value of $4.7 billion. Advent International and General Catalyst were the new investors in this round, while Insight Partners was an existing investor. Permira’s Growth Opportunities Fund also participated in the round. The company plans to use the funds in order to increase its sales force in 2022, expand its marketing team through existing offices in Geneva (Switzerland), Annecy (France), Bochum, Germany, Austin, Texas and Austin, Texas as it strives for $1 billion in revenue. SonarSource is co-founded by Olivier Gaudin (CEO and co-founder). It provides a solution for developers and teams to write clean code, and then fix existing code naturally. This allows them to focus on what they love, and maximize the business value they create. Its open-source and commercial solutions — SonarLint, SonarCloud, and SonarQube — support 29 programming languages. It is used globally by more than 300,000.