FRANKFURT – 23 January, 2018 – Acellere , a software technology company whose mission is to start a global movement for clean code, today announces its Series A funding round of $2.5M (€2.25M) led by Capnamic Ventures. The funding round also saw participation from a select group of business angels, comprised of prominent industry veterans from Germany and US.
With software failures on the rise amongst businesses – both big and small – companies are losing millions to crisis management, delayed (and faulty) product launches and significant losses in customer compensation. Acellere’s founding team, led by Vishal Rai and Sudarshan Bhide, has developed an intelligent software analytics platform called ‘Gamma’, to help companies identify, prioritize and fix problematic parts of their software.
Acellere developed Gamma over the past few years. It has worked with some of today’s largest global corporations to develop, test and validate the platform. These include global automotive companies, financial institutions and energy giants, who have used Gamma successfully on some of their most complex, real-time software systems.
Gamma is able to diagnose structural issues (called anti-patterns) in software, which are leading indicators to problems in code. The platform also has the ability to numerically rank hotspots in code from worst to best in order to identify and react to coding issues more quickly. In addition to having the ability to analyze and diagnose issues, Gamma is also developing a powerful AI assisted cognitive engine. This recommends fixes to the issues it identifies in code, helping companies accelerate their software development and productivity.
Acellere will use this investment to further its research and development of the existing platform. It will also be used to help further enhance user experience and improve its machine learning and AI features that power the platform’s cognitive recommendation engine. Additionally through its AI offerings, Acellere will be able to offer curated approaches to software management and assist customers more effectively.
Vishal Rai , Founder and CEO of Acellere, says: “With software now inextricably intertwined with every aspect of our lives and increasingly complex in its design, it is crucial that our tools match its ever-growing capability. Our mission at Acellere is to enable companies to improve upon their software development processes through Gamma. This funding, led by our excellent partners like Capnamic and our angels, will assist us in furthering that technology and work to alleviate some of the pain points customers face in their software development.”
Olaf Jacobi , Managing Partner at Capnamic Ventures, says: “We are excited to partner with the Acellere team and to help them achieve their mission of improving the quality of software worldwide. Vishal and Sud have built a great technology company ready to scale, and which serves large multinational customers, all without raising any external funding to date. We look forward to supporting the team reach their next stage of growth.”
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Acellere is a software technology company. The company is on a mission to drive a global movement for clean code across software development enabled by its platforms and products. Headquartered in Frankfurt, Acellere is led by Vishal Rai, founder and CEO alongside Sudarshan Bhide, CTO and core member of the founding team. Acellere has created an intelligent software analytics platform – ‘ Gamma ’ – which enables companies to improve their software quality and productivity by identifying, prioritizing and fixing hotspots in the code. Gamma offers a quantum leap in speed and quality across the entire software development process, enabling greater productivity in today’s software development life cycle.
Ventures Capnamic Ventures (www.capnamic.com) is one of Europe’s leading early-stage Venture Capital firms, with offices in Berlin and Cologne. The VC invests most of its funds in tech startups in the German-speaking region. Capnamic also joins forces with international co-investors. All portfolio companies are supported through Capnamic’s global network of investors and industry partners. The vast expertise of the Capnamic team includes more than 70 investments, a high turnover of successful trade sales and IPOs, as well as a strong entrepreneurial track record within the investment team. The general partners are Christian Siegele, Jörg Binnenbrücker and Olaf Jacobi.