(Bloomberg) -- CodeRabbit Inc., an artificial intelligence-powered code review service, has raised $143 million in a new funding round, tapping into demand for tools to spot flaws in AI-generated software programming. Most Read from BloombergThe new financing, set to be announced on Wednesday, values CodeRabbit at $1.5 billion. Founded in 2023, CodeRabbit offers a tool that's designed to automatically review code as it's written. Approximately 17,000 customers use the software, and the firm conducts more than 2 million code reviews each week, the company said. Most Read from Bloomberg Businessweek©2026 Bloomberg L.P.