Tracxn Research - Coding Tools Report, April 2017

Coding Tools – April 2017 Copyright © 2017, Tracxn Technologies Private Limited. All rights reserved.
Tracxn
World’s Largest Startup Research Platform
2

Contents
Topic Page No.
Scope of Report 04
Entrepreneur Activity 06
Investment Trend 13
Who is Investing 21
Exit Outlook - IPO, Acquisitions 25
Sub Sector Analysis 28
Interesting Companies 44
Useful Links 50
Company List 52
Team 142
3

Sector Overview
Scope of report
This report covers companies that provide tools which aid developers in code development and code management such as
UML design tools, compilers, collaboration tools for designers and developers, development IDE's for UI, server (desktop,
cloud IDE), code analysis, code quality, version control, code collaboration and developer productivity. Companies that
provide development tools for IoT, Artificial Intelligence, Hardware have not been excluded from the report.
The scope of this report includes equity as well as debt funding received by the companies.
Disclaimer: The information and data in the report is based on global developments tracked in the sector till March 15, 2017. This is to categorically state that any
events and relevant developments after the said date will not reflect in the report.
4
Business Model Descriptions
Code Management Tools that help developers in maintaining source code, improving developer productivity and code quality
Code Development
Tools that provide visual, textual development environments along with code generation and code
visualization tools.
Marketplaces Companies providing marketplaces for scripts, source code, SDKs etc
Compilers Tools that enable developers to compile code
Architecture (UML Tools) Tools that helps developers in creating architecture of an application

Scope of Report
Entrepreneur Activity
Investment Trend
Who is Investing
Exit Outlook - IPO, Acquisitions
Sub Sector Analysis
Interesting Companies
Useful Links
Company List
Team
5
Contents

32
58 57
63
69
76
42
0
16
32
48
64
80
2010 2011 2012 2013 2014 2015 2016
#ofCompanies
YoY – Number of companies founded
6
AppGyver Xamarin AppCan Zudy Gitlab PerfectlySoft Blackstorm Labs
Cloud9 Lightbend SkyGiraffe RhodeCode Npm Primitive RAPiD

Large Upcoming Sectors
# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
21 Jul-2011 10 Code Development > Crowd Sourced $36M crowdworks.jp
CrowdWorks
2011, Tokyo
74 Feb-2011 27 Code Development > IDE > Cloud IDE $159M koding.com
Koding
2011, San Francisco
69 Feb-2011 21
Code Development > Visual Development
> Mobile
$70M pickquick.in
PickQuick
2015, Bangalore
15 Jan-2011 3 Marketplaces $4M git.market
GitMarket
2015, Montreal
24 Nov-2010 6
Code Management > Productivity > Code
Reuse
$7M krugle.com
Krugle
2006, Menlo Park
99 Jul-2010 26 Code Development > Visual Development $77M eti.com
Ignite Technologies
2000, Austin
25 May-2010 11
Code Development > IDE > Cloud IDE >
Mobile
$104M mendix.com
Mendix
2005, Boston
31 Nov-2009 14
Code Development > IDE > Standalone IDE
> Mobile
$209M appcan.cn
AppCan
2012, Beijing
7

# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
100 Jul-2009 28 Code Management > Productivity $122M azulsystems.com
Azul Systems
2002, Sunnyvale
18 Jul-2009 4
> Framework
$43M spring.io
Spring
2004, San Mateo
12 Jul-2009 4 Code Development > Code Visualization $1M ardoq.com
Ardoq
2013, Oslo
19 Jan-2009 7 Code Development > Development Types $71M
16 Jan-2009 3 Code Development > Code Generation $920K icinetic.com
Icinetic
2006, Seville
412 Aug-2008 117 Code Development $720M trilibis.com
Trilibis
2002, San Mateo
28 Feb-2008 3
Editors
$1M codepen.io
CodePen
2013, Palo Alto
231 Jan-2008 63 Code Management $748M
8

# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
236 Jul-2007 66 Code Development > IDE $527M ebdsoft.com
EBD
1997, Barcelona
46 Aug-2006 11
Code Management > Code Quality >
Automated Code Review
$70M sonarsource.com
SonarSource
2008, Geneva
155 Jul-2006 37 Code Development > IDE > Standalone IDE $363M lightbend.com
Lightbend
2011, San Francisco
66 Feb-2006 15 Code Management > Code Quality $111M coverity.com
Coverity
2002, San Francisco
46 Apr-2005 12
Code Management > Source Code
Management
$427M github.com
GitHub
2008, San Francisco
21 Sep-2004 2
> Database
$2M wagonhq.com
Wagon Analytics
2014, San Francisco
6 Jun-2008 5 Code Management > Licensing $76M blackducksoftwaeco
Black Duck Software
2002, Burlington
9 May-2005 3
Code Development > Development Types
> Model Driven Development
$63M
OutSystems
2001, Lisbon
9

Niche Upcoming Sectors
# of Companies
Founded
Average
Age
# of Companies
Funded
Business Model
Total
Funding
Example
11 Jan-2014 4
> Design
$1M zeplin.io
Zeplin
2014, San Francisco
13 Jun-2013 3 Code Management > Package Manager $11M npmjs.com
Npm
2014, Oakland
6 Apr-2013 2
Management > Design
$535K layervault.com
LayerVault
2011, New York City
8 Sep-2012 4
Code Management > Productivity >
Collaboration
$2M gitter.im
Gitter
2012, London
5 Jul-2012 1
Code Development > Development Types
> Behavioral Driven Development
getgauge.io
GetGauge
2014, Chicago
9 Jun-2012 1
Code Management > Code Quality >
Manual Code Review
preen.ly
Preenly
2016, Salisbury
11 Sep-2008 3
Metrics
$12M semmle.com
Semmle
2006, New York City
10

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
11
Contents

YoY – Number of Rounds and Total Funding
$83M
$25M
$45M
$87M
$154M
$69M
$186M
$330M
$209M
13
8
11
15
24
32
36
34
26
0
8
16
24
32
40
0
70
140
210
280
350
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofRounds
FundingAmountin($M)
13

YoY – Number of Rounds by Stage
0
7
14
21
28
35
2011 2012 2013 2014 2015 2016
#ofRounds
Early
Late
Seed
14

YoY – Funding by Stage
0
70
140
210
280
350
2011 2012 2013 2014 2015 2016
TotalFundingin($M)
Early
Late
Seed
15

Average Ticket Size – Early Stage
$1.1M $0.7M $0.8M $1.7M $1.1M $0.8M
$6.3M
$24.2M
$4.9M
$4.5M
$3.4M $4.0M
$19.8M
$10.6M $11.4M
$20.6M
$55.5M
$26.8M
0.0
10.0
20.0
30.0
40.0
50.0
60.0
2011 2012 2013 2014 2015 2016
FundingAmountin($M)
Seed Series A Series B
16

Company
Funding
Amount
Round
Name
Date Investors
sonarsource.com
SonarSource
(Geneva, 2008)
$45M PE Nov-2016 Insight Venture Partners
blackstormlabs.com
Blackstorm Labs
(Mountain View, 2016)
$34M Series B Sep-2016 Rakuten, Alsop Louie Partners, Highland Capital Partners
gitlab.com
Gitlab
(San Francisco, 2014)
$20M Series B Sep-2016 August Capital, Khosla Ventures, Y Combinator
lightbend.com
Lightbend
$20M Series C May-2016
Intel Capital, Blue Cloud Ventures, Bain Capital Ventures, Polytech Ecosystem
Ventures, Shasta Ventures
fusetools.com
Fuse
(Oslo, 2011)
$12M Series A Jan-2017 Northzone, Alliance Venture
skygiraffe.com
SkyGiraffe
(Tel Aviv, 2012)
$6M Series A Aug-2016 SGVC, Trilogy Equity Partners
vaadin.com
Vaadin
(Turku, 2000)
$5M Series A Nov-2016 Verdane Capital
codeclimate.com
Code Climate
(New York City, 2011)
$5M Series A Oct-2016
Union Square Ventures, NextView Ventures, Lerer Hippeau Ventures, Trinity
Ventures, Fuel Capital
17
Top investments in last one year

Company
Funding
Amount
Round
Name
Date Investors
monstar-lab.com
Monstar Lab
(Tokyo, 2006)
$3M Series A Dec-2016 Gogin Capital, Resona Capital
monstar-lab.com
Monstar Lab
(Tokyo, 2006)
$2M Series A Nov-2016 The Gogin Cpaital, Resona Capital
fossa.io
Fossa
$2M Seed Feb-2017 Bain Capital Ventures
appgyver.com
AppGyver
$2M Seed Dec-2016
appspotr.com
AppSpotr
(Gothenburg, 2006)
$1M Series A Jul-2016
perfect.org
PerfectlySoft
(Ontario, 2015)
$1M Seed Aug-2016 York Angel Investors
deepstreamhub.com
deepstreamHub
(Berlin, 2016)
$1M Seed Apr-2016 BlueYard
perfect.org
PerfectlySoft
(Ontario, 2015)
$929K Seed May-2016 Impression Ventures
18

Company
Funding
Amount
Round
Name
Date Investors
codepicnic.com
CodePicnic
(Peru, 2014)
$555K Seed Mar-2016 Accomplice
flowhub.io
Flowhub
$300K
Convertible
Debt
May-2016
fragmentic.com
Fragmentic
(Riga, 2016)
$200K Seed Aug-2016 500 Startups, Imprimatur Capital, White Summers
triplecheck.tech
TripleCheck
(London, 2013)
$19K Seed Nov-2016 Cyber London (CyLon)
dynasty.com
Dynasty Technologies
(Bellaire, 1991)
$13K Seed Oct-2016
algorithmia.com
Algorithmia
(Seattle, 2012)
Series A Jul-2016 In-Q-Tel
avocode.com
Avocode
(Prague, 2015)
Seed May-2016 500 Startups
thunkable.com
Thunkable
Seed Mar-2016 Y Combinator
19

Funnel view of Sector
Percent of
Previous
27%
36%
42%
57
10
28
67
185
677
0 160 320 480 640 800
M&A & IPO
Late
Series B
Series A
Funded
Founded
# of Companies
20

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
21
Contents

Most Active Investors in Sector
10
9
6 6
5
4 4
3 3 3
0
2
5
7
10
12
Y
Combinator
500
Startups
Accel
Partners
Intel
Capital
Kima
Ventures
CrunchFund Index
Ventures
Atlas
Venture
Auriga
Partners
Bain Capital
Ventures
TotalNumberofRounds
22
Gitlab Gitlab Azul Systems Black Duck Software Gitter Gitlab Zend Technologies Gizmox OpenPlug Lightbend
Apportable Koding Spring Zend Technologies CodersClan Nitrous Worklight Reddo Mobility Codenvy ZeroTurnaround

Where are Top Investors investing
Y
Combinator
500
Startups
Accel
Partners
Intel
Capital
Kima
Ventures
Crunch
Fund
Index
Ventures
Atlas
Venture
Auriga
Partners
Bain
Capital
Ventures
Code
Management
Gitlab,
Floobits,
Omniref
Gitlab,
StackShare
Azul Systems,
Semmle,
Parallocity
Black Duck
Software,
CollabNet
Gitter,
CodersClan
Gitlab,
CodersClan
Gitter
ZeroTurnaro
und, Fossa
Code
Development
Apportable,
Zeplin,
Trigger
Koding,
SkyGiraffe,
Nitrous
Spring,
Aptana,
Cloud9
Zend
Technologies,
Lightbend,
TOBESOFT
CodersClan,
CodeBox,
Avocode
Nitrous,
CodersClan
Zend
Technologies,
Worklight,
TrollTech
Gizmox,
Reddo
Mobility,
Dataweb
OpenPlug,
Codenvy,
Convertigo
Lightbend
Marketplaces Binpress
23

Top Investor by Stage of Entry
Accel Partners 2
Benchmark Capital 2
Intel Capital 2
Khosla Ventures 2
500 Startups 1
ATA Ventures 1
Alsop Louie Partners 1
Altos Ventures 1
Andreessen Horowitz 1
Atlas Venture 1
Intel Capital 3
Insight Venture Partners 2
North Bridge 2
Sapphire Ventures 2
Accel Partners 1
Austin Ventures 1
Azure Capital Partners 1
Bain Capital Ventures 1
Blue Cloud Ventures 1
Charles River Ventures 1
Seed Series A Series B Later Stage
Accel Partners 3
Benchmark Capital 3
500 Startups 2
Auriga Partners 2
Bessemer Venture Partners 2
Citrix 2
Hummer Winblad Venture
Partners
2
A Plus Finance 1
Access Venture Partners 1
Alliance Venture 1
500 Startups 7
Y Combinator 7
CrunchFund 4
Kima Ventures 4
SV Angel 3
Entree Capital 2
Faber Ventures 2
Fuel Capital 2
FundersClub 2
Lerer Hippeau Ventures 2
24

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
25
Contents

Top IPOs in last three years
IPO
Date
Company Overview
Funding
Amount
Mcap at IPO
Exch:Ticker
Dec-2014 crowdworks.jp
CrowdWorks
(Tokyo, 2011)
Crowdsourcing services
ITOCHU Technology Ventures, Digital Garage, ITOCHU Corporation, DG
Incubation, Recruit Strategic Partners, Cyberagent Ventures, Dentsu Digital
Holdings, Suneight
$14.50M TYO:3900

Date Company Acquirer
Deal
size
Overview
Total
Funding
Dec-2016 allinea.com
Allinea
(San Jose, 2009)
arm.com Undisclosed
Tools for parallel programming and high performance
computing
Oxford Capital, Midven, Mercia Fund Management, Midven, Q
$643.00K
Nov-2016 conan.io
conan.io
(Madrid, 2016)
jfrog.com Undisclosed
C/C++ package manager for developers
Aug-2016 wagonhq.com
Wagon Analytics
box.com Undisclosed
SQL Editor
SV Angel, Harrison Metal, Homebrew, Fuel Capital, Lerer
Hippeau Ventures
$2.00M
Jul-2016 c9.io
Cloud9
amazon.com Undisclosed
Cloud-based Integrated Development Environment (IDE)
Accel Partners, Salesforce, Atlassian, Balderton Capital
$5.50M
Jun-2016 ezsource.com
EZSource
(Modiin, 2003)
ibm.com Undisclosed
Software Quality Management Tools
Jun-2016 binpress.com
Binpress
(Tel Aviv, 2010)
codersclan.com Undisclosed
Shopify of digital products
500 Startups, Promus Ventures, FundersClub, TEEC Angel Fund,
CRCM Venture Capital, Scrum Ventures
Jun-2016 3t.io
3T Software Labs
(Berlin, 2013)
red-gate.com Undisclosed
GUI for MongoDB
Red Gate Software
27
Major Acquisitions in last one year

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
28
Contents

March 2017Tracxn BlueBox: Coding Tools
Cumulative funding in the sector
650+ companies in the sector, 109 funded in last 5 years, $223M invested in 2016 – 2017 YTD
Most Active Investors: Y Combinator, Accel, 500 Startups, Intel Capital, CrunchFund
Practice Area – Enterprise Infrastructure | Analysts: @Dheeraj_Motoori
ARCHITECTURE
GenMyModel (2012)
< $1M
COMPILERS
Duoco (2015)
< $1M
CODE MANAGEMENT $817M
CODE DEVELOPMENT $747M
Code Quality
KlocWork (2001, $19M)
$111M
$8M Package Managers
Npm (2014, $10.6M)
Licensing
Blackduck Software (2002, $71M)
$74M
Source Code Management
Github (2008, $350M)
$402M Productivity
Azul Systems (2002, $172M)
$216M
$11M
Crowd Sourced
Crowdworks (2011, $14.5M)
Visual Development
Nexaweb Technologies (2000, $14M)
IDE (Integrated Development Environment)
Xamarin (2011, $82M, Acq.), Koding (2011, $19.25M)
Development Types
Outsystems (2001, $62M)
$70M $554M
$76M $36M
30

Top Business Models by Funding
$834M
$747M
$3M
0
180
360
540
720
900
Code Management Code Development Marketplaces Architecture Compilers
TotalFundingin($M)
Avg. Age Jan-08 Aug-08 Jan-11 Jun-91 Sep-05
31
# Cos. 231 412 15 10 9
GitHub Xamarin Algorithmia Archi LoopPerfect
Azul Systems OutSystems Verious Modeliosoft Solid Sands

Code Management – Business Model Description
Tools that help developers in maintaining source code, improving developer productivity and code quality
Productivity Code Quality Source Code
Management
Package Manager Licensing
Tools that help
developers in
improving the quality of
code
Tools that help
developers in managing
the source code from
committing to
collaboration
Tools that automate the
process of installing,
upgrading, configuring,
and removing computer
programs
Tools that help
developers in finding
out copyright issues
and licenses with
respect to code
Tools that help enhance
developer productivity

Code Management – Entrepreneur Activity and
Investment Trend
$33M
$6M $13M $14M
$108M
$4M
$45M
$281M
$70M
4
2
4
2
10
8
10 13
5
0
3
6
8
11
14
0
60
120
180
240
300
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofRounds
FundingAmountin($M)
YoY – Total Funding and No. of Rounds
10
14
9
18
12
22
25
23
17
0
6
12
18
24
30
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofCompaniesFounded
YoY – No. of Companies Founded
108
20 20
9 8 7 5 4
0
24
48
72
96
120
United
States
Germany United
Kingdom
Israel France Canada Australia India
#ofCompanies
Distribution of Companies across Countries
$420M
$216M
$111M
$76M
$11M
22
35
16 15
4
0
8
16
24
32
40
0
90
180
270
360
450
Source Code
Management
Productivity Code Quality Licensing Package
Manager
#ofFundedCompanies
FundingAmountin($M)
BM wise Investment
33

Code Management – Most Funded Companies
Company Overview Business Model
Funding
Amount
github.com
GitHub
(2008, San Francisco)
Online community for collaborative coding
Andreessen Horowitz, Sequoia Capital, Thrive Capital, Institutional Venture
Partners, TrueBridge Capital Partners, Internet Initiatives Development Fund
Management
$350.00M
azulsystems.com
Azul Systems
(2002, Sunnyvale)
High performance JVMs
Accel Partners, Redpoint Ventures, Credit Suisse, Presidio Ventures, Meritech
Capital, Austin Ventures, Worldview Technology Partners, Partners for Growth
Code Management > Productivity $172.00M
blackducksoftware.com
Black Duck Software
(2002, Burlington)
Vulnerability and compliance management for open source software security
Red Hat, SAP, General Catalyst Partners, Intel Capital, Flagship Ventures, Focus
Ventures, Fidelity Ventures, Sapphire Ventures, Gold Hill Capital, Siemens Venture
Capital, Split Rock Partners, Volition Capital, Escalate Capital, Sapphire Ventures
Code Management > Licensing $71.00M
sonarsource.com
SonarSource
(2008, Geneva)
Continuous code quality inspection tools
Insight Venture Partners
Code Management > Code Quality
> Automated Code Review
$45.00M
collab.net
CollabNet
Enterprise Cloud Development and Version Control
Benchmark Capital, Norwest Venture Partners, Intel Capital, Pelion Venture
Partners, Industry Ventures, WR Hambrecht , Leader Ventures, Lake Street Capital,
Vilicus Ventures, Bridgescale Partners
Management
$37.60M
gitlab.com
Gitlab
Code collaboration tool
Y Combinator, Khosla Ventures, 500 Startups, CrunchFund, August Capital,
FundersClub, Sound Ventures, Liquid 2 Ventures
Management
$25.50M
coverity.com
Coverity
Development Testing Software
Benchmark Capital, Foundation Capital, Ceres Venture Fund
Code Management > Code Quality $22.00M
klocwork.com
Klocwork
(2001, Boulder)
Software solution for static application testing
Cisco, U.S Venture Partners, Mobius Venture Capital, Pequot Capital
Code Management > Code Quality $19.00M

Code Development – Business Model Description
Tools that provide visual, textual development environments along with code generation and code visualization tools.
IDE Visual Development Crowd Sourced Development Types Code Generation
Tools that help
developers to create
applications without
coding
Companies that offer
crowd sourced platform
or services for
development of
software applications
Tools that support a
method of developing
software application
Tools that help
developers in
generating code or
converting code from
one language to
another
Tools that provide
comprehensive
facilities to computer
programmers for
software development
typically consisting of a
code editor, a compiler,
a debugger, and a
graphical user interface
(GUI) builder.

Code Development – Entrepreneur Activity and
Investment Trend
$50M
$19M
$31M
$73M
$46M
$64M
$138M
$48M
$139M
9
6 7 12
14
22
24 20 20
0
6
12
18
24
30
0
32
64
96
128
160
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofRounds
FundingAmountin($M)
3
15
20
39
42
38 39
50
24
0
12
24
36
48
60
2008 2009 2010 2011 2012 2013 2014 2015 2016
#ofCompaniesFounded
164
28 24 18 12 11 11 10
0
36
72
108
144
180
United
States
United
Kingdom
India Israel France Canada Germany Finland
#ofCompanies
$554M
$77M $71M
$37M
$1M $1M
112
43
11
15
2 4
0
24
48
72
96
120
0
120
240
360
480
600
IDE Visual
Development
Development
Types
Crowd
Sourced
Code
Visualization
Code
Generation
#ofFundedCompanies
FundingAmountin($M)
BM wise Investment
36

Code Development – Most Funded Companies
Funding
Amount
xamarin.com
Xamarin
App development for iOS & Android
Insight Venture Partners, Charles River Ventures, Lead Edge Capital, Ignition
Partners, Floodgate
Code Development > IDE >
Standalone IDE > Mobile
$82.25M
outsystems.com
OutSystems
(2001, Lisbon)
Rapid application delivery platform for enterprises
North Bridge, ES Ventures, PME Investimentos, Portugal Ventures
Code Development >
Development Types > Model
Driven Development
$61.98M
antennasoftware.com
Antenna Software
(1998, Jersey City)
Enterprise Mobility application platform
NEA, Point Judith Capital, Commonwealth Capital Ventures
Cloud IDE > Mobile
$46.02M
spring.io
Spring
(2004, San Mateo)
Open source Java development framework
Accel Partners, Benchmark Capital, Meritech Capital, DAG Ventures, Bay Partners
Standalone IDE > Framework
$46.00M
zend.com
Zend Technologies
(1999, Ramat Gan)
IDE, framework and continuous delivery for PHP applications
Greylock Partners, Index Ventures, Viola Group, Intel Capital, Walden International,
Sapphire Ventures, Azure Capital Partners, Platinum Neurone Ventures, Walden,
Viola Private Equity, Leader Ventures, Sapphire Ventures, 83North
Standalone IDE
$44.00M
mendix.com
Mendix
(2005, Boston)
App Platform for the Enterprise
Battery Ventures, Prime Ventures, henQ
Cloud IDE > Mobile
$38.00M
lightbend.com
Lightbend
High performance application builder
Greylock Partners, Juniper Networks, Bain Capital Ventures, Intel Capital, Shasta
Ventures, Bain Capital, Blue Cloud Ventures, Polytech Ecosystem Ventures
Standalone IDE
$37.00M
blackstormlabs.com
Blackstorm Labs
(2016, Mountain View)
Development environment to create and share mobile apps
Highland Capital Partners, AME Cloud Ventures, Rakuten, Alsop Louie Partners
$33.50M

Marketplaces – Business Model Description
Companies providing marketplaces for scripts, source code, SDKs etc
Source Code Algorithms Development MicroServices Mobile App
ComponentsCompanies providing
marketplaces for
algorithms
Companies providing
marketplaces for
development
Companies providing
platforms to buy and
sell microservices
Companies providing
sell mobile app
components
Companies providing
sell source code or
scripts

Marketplaces – Entrepreneur Activity and
Investment Trend
$1M
$3M
1
2
2
1
0.0
0.5
1.0
1.5
2.0
2.5
0.0
0.6
1.2
1.8
2.4
3.0
2011 2013 2014 2016
#ofRounds
FundingAmountin($M)
1 1
2 2 2 2
0.0
0.5
1.0
1.5
2.0
2.5
2010 2011 2012 2013 2014 2015
#ofCompaniesFounded
4 4
1 1 1 1 1
0.0
0.9
1.8
2.7
3.6
4.5
India United
States
Bulgaria Canada Israel Netherlands Russia
#ofCompanies
$3M
$1M
4
1
3
0.0
0.9
1.8
2.7
3.6
4.5
0.0
0.6
1.2
1.8
2.4
3.0
Algorithms Mobile App Components Source Code
#ofFundedCompanies
FundingAmountin($M)
BM wise Investment
39

Marketplaces – Most Funded Companies
Funding
Amount
algorithmia.com
Algorithmia
(2012, Seattle)
Marketplace for Machine Learning Algorithms
Rakuten, Madrona Venture Group, Deep Fork Capital, Osage University Partners, In-Q-
Tel, Oren Etzioni, Charles Fitzgerald
Marketplaces >
Algorithms
$2.58M
verious.com
Verious
(2011, San Carlos)
Marketplace for mobile app components
TechCrunch
Marketplaces > Mobile
App Components
$800.00k
binpress.com
Binpress
(2010, Tel Aviv)
500 Startups, Promus Ventures, FundersClub, TEEC Angel Fund, CRCM Venture Capital,
Scrum Ventures
Marketplaces > Source
Code
phpjabbers.com
PHPJabbers
(2006, Burgas)
PHP scripts for web application development Marketplaces > Source
Code
iscripts.com
IScripts
(2004, Chicago)
open source PHP web scripts Marketplaces > Source
Code
zoplay.com
Zoplay
(2012, Chennai)
Clone software products. Marketplaces > Source
Code
worklist.net
Worklist
Marketplace to build software & websites using a global network of devs, designers &
testers
Marketplaces >
Development
appoets.com
Appoets
(2015, Chennai)
Mobile app clone scripts for non-tech entrepreneurs Marketplaces > Source
Code

Architecture – Entrepreneur Activity and
Investment Trend
1 1 1
0.0
0.2
0.5
0.7
1.0
1.2
2010 2012 2014
#ofCompaniesFounded
3
2
1 1 1 1
0.0
0.7
1.4
2.1
2.8
3.5
United States France Australia China South Korea United
Kingdom
#ofCompanies
41

Architecture – Most Funded Companies
Company Overview
Business
Model
archimatetool.com
Archi
(2010, Llanfairfechan)
Open source ArchiMate modelling tool
Architecture
modeliosoft.com
Modeliosoft
(2002, Paris)
UML modeling tool and code generator
Architecture
bouml.fr
BOUML
(, )
UML diagram designer and code generator
Architecture
ibm.com/software/products
/en/ratirosefami
Rational Rose
(1911, New York City)
UML based development of applications
Architecture
nomagic.com
No Magic
(1995, Allen)
Business/architecture modeling solutions
Architecture
altova.com
Altova
(1992, Beverly)
XML & Developer Tools
Architecture
visual-paradigm.com
Visual Paradigm
(, Hong Kong)
Software Design Tools for Agile Teams, with UML, BPMN
Architecture
staruml.io
MkLab
(2014, Daejeon)
Software Modeler
Architecture

Compilers – Entrepreneur Activity and Investment
Trend
$1M
1
0.0
0.2
0.5
0.7
1.0
1.2
0.0
0.1
0.3
0.4
0.6
0.7
2015
#ofRounds
FundingAmountin($M)
1 1
2
1 1
0.0
0.5
1.0
1.5
2.0
2.5
2010 2013 2014 2015 2016
#ofCompaniesFounded
4
2 2
1
0.0
0.9
1.8
2.7
3.6
4.5
United States Israel United Kingdom Netherlands
#ofCompanies
43

Compilers – Most Funded Companies
Company Overview
Business
Model
loopperfect.com
LoopPerfect
(2016, London)
Interactive C++ compiler
Compilers
solidsands.nl
Solid Sands
(2014, Amsterdam)
Compiler test and validation suite
Compilers
juliacomputing.com
Julia Computing
(2013, Allston)
High performance programming language
Gordon and Betty Moore Foundation
Compilers
edg.com
Edison Design Group
(1988, Scotch Plains)
Compiler frontends developer
Compilers
remobjects.com
RemObjects
(2002, Illinois City)
compilers, tools and frameworks for .NET, Cocoa, Delphi, Java etc
Compilers
absoft.com
Absoft Corporation
(1980, Troy)
Absoft Pro Fortran Compilers and Debuggers for All Platforms
Compilers
zapcc.com
Zapcc
(2014, Netanya)
C/C++ Compiler
Compilers
duoco.de
DuoCo
(2015, Tel Aviv)
C# to javaScript compiler
Compilers

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
45
Contents

Interesting Unfunded Companies
Company Overview
Business
Model
lexica.software
Lexica
(2015, Bogota)
NLP based software developement
Code Development > Development Types > AI Based
pickquick.in
PickQuick
(2015, Bangalore)
DIY mobile app development suite
Code Development > Visual Development > Mobile
Curated list of companies by the sector analyst are defined as Interesting

Total
Funding
codacy.com
Codacy
(2012, London)
Seedcamp, ES Ventures, Faber Ventures, Caixa Capital, JOIN Capital
Code Management > Code Quality
> Automated Code Review
$1.60M
47
Interesting Seed Companies

Total
Funding
github.com
GitHub
Online community for collaborative coding
Andreessen Horowitz, Sequoia Capital, Thrive Capital, Institutional Venture
Partners, TrueBridge Capital Partners, Internet Initiatives Development Fund
Code Management > Source
Code Management
$350.00M
mendix.com
Mendix
(2005, Boston)
App Platform for the Enterprise
Battery Ventures, Prime Ventures, henQ
Cloud IDE > Mobile
$38.00M
gitlab.com
Gitlab
Code collaboration tool
Y Combinator, Khosla Ventures, 500 Startups, CrunchFund, August Capital,
FundersClub, Sound Ventures, Liquid 2 Ventures
Code Management
$25.50M
koding.com
Koding
Multiplayer online coding platform
Greycroft Partners, Khosla Ventures, 500 Startups, RTP Ventures, Matrix Partners,
Greycroft Partners, Cloud Capital Partners, Three Bridges Venture Partners
Cloud IDE
$19.25M
appcan.cn
AppCan
(2012, Beijing)
HTML5-based cross-platform mobile app development solution
NewMargin Ventures, Vangoo Capital, Shanghai Zhonglu Group
$16.12M
zeroturnaround.com
ZeroTurnaround
(2007, Tartu)
Productivity tools for Java developers
Bain Capital Ventures, Western Technology Investment, Bain Capital
Code Management >
Productivity
$15.00M
48
Interesting Series B Companies

Total
Funding
azulsystems.com
Azul Systems
(2002, Sunnyvale)
High performance JVMs
Accel Partners, Redpoint Ventures, Credit Suisse, Presidio Ventures, Meritech
Capital, Austin Ventures, Worldview Technology Partners, Partners for Growth
Code Management >
Productivity
$172.00M
xamarin.com
Xamarin
App development for iOS & Android
Insight Venture Partners, Charles River Ventures, Lead Edge Capital, Ignition
Partners, Floodgate
$82.25M
blackducksoftware.com
Black Duck Software
(2002, Burlington)
Vulnerability and compliance management for open source software security
Red Hat, SAP, General Catalyst Partners, Intel Capital, Flagship Ventures, Focus
Ventures, Fidelity Ventures, Sapphire Ventures, Gold Hill Capital, Siemens Venture
Capital, Split Rock Partners, Volition Capital, Escalate Capital, Sapphire Ventures
Code Management >
Licensing
$71.00M
outsystems.com
OutSystems
(2001, Lisbon)
Rapid application delivery platform for enterprises
North Bridge, ES Ventures, PME Investimentos, Portugal Ventures
Code Development >
Development Types > Model
Driven Development
$61.98M
sonarsource.com
SonarSource
(2008, Geneva)
Code Management > Code
Quality > Automated Code
Review
$45.00M
lightbend.com
Lightbend
High performance application builder
Greylock Partners, Juniper Networks, Bain Capital Ventures, Intel Capital, Shasta
Ventures, Bain Capital, Blue Cloud Ventures, Polytech Ecosystem Ventures
Standalone IDE
$37.00M
49
Interesting Late Stage Companies

Total
Funding
nitrous.io
Nitrous
Development Environments in the Cloud
Bessemer Venture Partners, TIBCO Spotfire, 500 Startups, CrunchFund, Draper
Associates, Lion Rock Capital, Golden Gate Ventures
Cloud IDE
$7.65M
verious.com
Verious
(2011, San Carlos)
TechCrunch
Marketplaces > Mobile App
Components
$800.00K
layervault.com
LayerVault
LayerVault is version control for designers.
SV Angel, Betaworks, High Line Venture Partners, Red Swan Ventures
Code Management > Design
$535.00K
unype.com
unype
Platform for application development over Map APIs
Standalone IDE > Mobile >
Framework
$300.00K
bettercodes.org
bettercodes.org
(2010, Hamburg)
Collaboration Platform for Developers Code Management >
Productivity > Collaboration
parallocity.com
Parallocity
(2007, Sunnyvale)
Automated Runtime Analysis Tools
Accel Partners, Plug and Play Tech Center
Code Management > Code
Quality > Automated Code
Review
50
Top Funded Deadpooled Companies

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
51
Contents

Useful Links
Slide Title Content Platform Link
List of All Companies in readable format Companies Link
Large Upcoming Sectors Entrepreneur Activity Link
Niche Upcoming Sectors Entrepreneur Activity Link
Top investments in last one year Investment Trend Link
Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link
Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link
Code Management – Most Funded Companies Sub Sector Understand Link
Code Development – Most Funded companies Sub Sector Understand Link
Marketplaces – Most Funded Companies Sub Sector Understand Link
Architecture – Most Funded Companies Sub Sector Understand Link
Compilers Processors – Most Funded companies Sub Sector Understand Link
Top Funded Deadpooled Companies Companies Link
52

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
54
Contents

Coding Tools – List of Companies
Code Management Code Development Marketplaces Architecture Compilers
185 FUNDED COMPANIES AND 492 UNFUNDED COMPANIES
COVERS THE FOLLOWING SECTORS

Code Management (1/30)
Total
Funding
Coverity
Development Testing Software
Benchmark Capital, Foundation Capital, Ceres Venture Fund Code Quality $22.00M
Klocwork
(2001, Boulder)
Software solution for static application testing
Cisco, U.S Venture Partners, Mobius Venture Capital, Pequot Capital Code Quality $19.00M
StyleCI
(2015, Tynemouth)
The PHP Coding Style Continuous Integration Service
Code Quality
Optimyth
(2003, Maitland)
Code Quality and Security Solutions
Code Quality
Landscape.io
(2013, Berlin)
Continuous code quality checks for python
Code Quality
Parasoft
(1987, Monrovia)
Software security testing products
Code Quality
Ldra
(1975, Birkenhead)
Automated code analysis and testing tools
Code Quality
Functor
(2011, Kista)
Static Code Analysis, Automated Testing and Development Platform
for C language Code Quality
Go to BM List >> Code Development

Total
Funding
Cqse
(2009, )
Continuous Quality in Software Engineering
Code Quality
Cast
Software analysis and measurement tools
dfjesprit, Idinvest Partners, CM-CIC Investissement Code Quality
SonarSource
(2008, Geneva)
Code Quality > Automated
Code Review
$45.00M
Replay Solutions
(2004, Redwood City)
Software development management
Sigma Partners, Partech Ventures, Hummer Winblad Venture
Partners, Pelion Venture Partners, Hummer Winblad Venture
Partners
Code Review
$15.20M
Code Climate
Automated code review tool that helps reduce technical debt
Union Square Ventures, Trinity Ventures, NextView Ventures, Fuel
Capital, Lerer Hippeau Ventures
Code Review
$6.50M
bitHound
(2013, Kitchener)
Code analytics for developers for Node.js
BDC Capital (Canada), MaRS IAF
Code Review
$1.78M
Codacy
(2012, London)
Seedcamp, ES Ventures, Faber Ventures, Caixa Capital, JOIN Capital
Code Review
$1.60M
Ebert
(2016, Sao Paulo)
Automated code review tool for software developers and
engineering managers
Code Review

Total
Funding
Programming Research
(1985, Walton On Thames)
Platform for static analysis and coding standards compliance
Code Review
Meta Alternative
(2008, London)
.NET software optimisation and code analysis tool
Code Review
Infer
(2015, Menlo Park)
Static analysis tool to detect iOS and Android bugs
Code Review
CodeFactor
(2016, Santa Monica)
Automated code review tool for C#, Java, Ruby, JS and CSS
Code Review
Hound
(2014, Novato)
Tool to find code style violations for GitHub pull requests
Code Review
Synectique
(2013, Lille)
Code analysis for 4D, Ada, C++ and Java
Finovam Gestion
Code Review
Pattern Insight
Bug detection & log management for cloud environments
Venture Investors
Code Review
M Squared Technologies
LLC.
(, Maitland)
Code quality analysis tool
Code Review

Code Development (1/52)
Total
Funding
Trilibis
(2002, San Mateo)
Mobile development solutions
ATA Ventures, Altos Ventures, Altos Ventures $6.70M
Icinetic
(2006, Seville)
Architecture & Code Generation
Keiretsu Forum, Caixa Capital Risc Code Generation $500.00k
JRapid
(2006, Sunnyvale)
Rapid Java development cloud platform
Code Generation $420.00k
BitMate
(2016, Middlesex)
Tool to auto generate web application according to best practices
Code Generation
SharpKit
(2001, Tel Aviv)
C# to JavaScript converter
Code Generation
Sifu
(2015, Novi Sad)
Code generator for client/server applications from specifications
Code Generation
Yeoman
Scaffolding tool for web apps
Code Generation
AgileEngine
(2013, Mclean)
Web application converter for Java Swing and Visual testing tool
Code Generation
Code
Management
<< Go to BM List >> Marketplaces

Total
Funding
CodePorting
(2011, Sydney)
Web-based Code Porting
Code Generation
e-point SA
(2011, Warsaw)
Code generation engine for java applications
Code Generation
Bijokmind
(2014, )
Developer apps for Mac/iOS
Code Generation
Autocode
(2015, Austin)
Spec-driven code generator.
Code Generation
Patternry
(2009, Helsinki)
Web design & development tool
Code Generation
Liquid Technologies
(2000, Leeds)
XML development toolkit and IDE
Code Generation
Isomeris
(2001, Leiria)
Model driven code development and generation tool.
Code Generation
CodeSmith Tools
(2004, Sachse)
Template dirven code generation software
Code Generation
Code
Management

Total
Funding
Apimatic
(2010, Auckland)
Automatic SDK's for APIs
Global from Day One, NZVIF, Sparkbox Code Generation
Ardoq
(2013, Oslo)
Collaborative visualization & diagramming software
500 Nordics Code Visualization $1.24M
Architexa
(2007, Massachusetts)
Get Diagrams From Code
Code Visualization $135.00k
Primitive
(2015, Palo Alto)
Collaborative graphical programming environment designed for
VR/AR
Boost VC
Code Visualization
Coati
(2015, Salzburg)
Source code navigation and visualization for C/C++ and Java
Code Visualization
Vickery Research
(2001, Dallas)
Source code documentation and data visualisation
Code Visualization
Softagram
(2013, Kempele)
Software analysis and visualization solution
Startup Sauna Code Visualization
Aivosto
(1997, Helsinki)
Programming Tools for Software Developers
Code Visualization
Code
Management

Code
Management

Marketplaces (1/2)
Total
Funding
GitMarket
(2015, Montreal)
Marketplace for buying/selling code with Git
Algorithmia
(2012, Seattle)
Marketplace for Machine Learning Algorithms
Rakuten, Madrona Venture Group, Deep Fork Capital, Osage
University Partners, In-Q-Tel, Oren Etzioni, Charles Fitzgerald
Algorithms $2.58M
WIDE IO
(2013, London)
Marketplace for algorithms
Algorithms
Worklist
Marketplace to build software & websites using a global network of
devs, designers & testers Development
CodeMill
(, )
Marketplace for software development using GitHub pull requests
Development
fcomb
(, Moscow)
Marketplace for microservices
MicroServices
Verious
(2011, San Carlos)
TechCrunch Mobile App Components $800.00k
Binpress
(2010, Tel Aviv)
500 Startups, Promus Ventures, FundersClub, TEEC Angel Fund, CRCM
Venture Capital, Scrum Ventures
Source Code
Code
Development
<< Go to BM List >> Architecture

Marketplaces (2/2)
Code
Development
<< Go to BM List >> Architecture

Architecture (1/2)
Total
Funding
Archi
(2010, Llanfairfechan)
Open source ArchiMate modelling tool
Modeliosoft
(2002, Paris)
UML modeling tool and code generator
BOUML
(, )
UML diagram designer and code generator
Rational Rose
UML based development of applications
No Magic
(1995, Allen)
Business/architecture modeling solutions
Altova
(1992, Beverly)
XML & Developer Tools
Visual Paradigm
(, Hong Kong)
Software Design Tools for Agile Teams, with UML, BPMN
MkLab
(2014, Daejeon)
Software Modeler
Marketplaces << Go to BM List >> Compilers

Architecture (2/2)
Marketplaces << Go to BM List >> Compilers

Compilers (1/2)
Total
Funding
LoopPerfect
(2016, London)
Interactive C++ compiler
Solid Sands
(2014, Amsterdam)
Compiler test and validation suite
Julia Computing
(2013, Allston)
High performance programming language
Gordon and Betty Moore Foundation
Edison Design Group
(1988, Scotch Plains)
Compiler frontends developer
RemObjects
(2002, Illinois City)
compilers, tools and frameworks for .NET, Cocoa, Delphi, Java etc
Absoft Corporation
(1980, Troy)
Absoft Pro Fortran Compilers and Debuggers for All Platforms
Zapcc
(2014, Netanya)
C/C++ Compiler
DuoCo
(2015, Tel Aviv)
C# to javaScript compiler
Architecture << Go to BM List

Compilers (2/2)
Architecture << Go to BM List

Scope of Report
Investment Trend
Who is Investing
Sub Sector Analysis
Useful Links
Company List
Team
144
Contents

Team
Dheeraj Motoori
Lead Analyst, Enterprise DevTools

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