Moderne Announces $30M Series B Led by Acrew Capital

Gunderson Dettmer represented client Moderne, an automated code refactoring and analysis company, in its $30 million Series B financing led by Acrew Capital. Moderne is the only company with a proven platform designed to analyze and transform large codebases efficiently and cost-effectively. The company will use the new funding to extend its commitment to providing ideal customer experiences and rapid time to value with Moderne.

In the announcement of the transaction, Moderne CEO and co-founder Jonathan Schneider said, “Moderne alone produces the data that is going to drive the next decade of code modernization. This data covers everything the compiler knows about the code multiplied by tens of thousands of repositories at each customer. Moderne is already driving large-scale application modernization savings for our customers over and over again—and we’re only scratching the surface of what can be done.”

The Gunderson Dettmer deal team was led by Mike Irvine and included Maurice Osei and Shagun Parekh.

Companies
Moderne
Acrew Capital