Korbit Technologies secures C$11.3m in Series A financing

• Other investors in the round included Jobs for the Future, Desjardins Capital, Global Brains, Alumni Ventures, Merus Capital, Graphite Ventures and True Equity
• The funds raised will be used by Korbit Technologies to further invest in the development of its AI platform
• They will also be used to launch AI Mentor for Software Engineering

Montreal-based Korbit Technologies, a generative artificial intelligence (AI) platform for team upskilling and enablement, has secured C$11.3 million in Series A financing.

Khosla Ventures led the round, with participation from Jobs for the Future, Desjardins Capital, Global Brains, Alumni Ventures, Merus Capital, Graphite Ventures and True Equity.

Korbit has developed AI Mentor for Software Engineering, a generative AI solution that optimizes the software development process automatically. AI Mentor does code reviews, detects and assigns issues, and teaches engineers how-to fix the issues, all within their workflow.

The funds raised will be used by the company to further invest in the development of its AI platform and to launch AI Mentor for Software Engineering.

“We’re excited to be backing Korbit,” said Vinod Khosla, founder of Khosla Ventures, in a statement. “Their generative AI platform for team upskilling and enablement provides a much-needed solution for transforming the future of work.”

Based in Menlo Park, Khosla Ventures is focused on investing in early-stage companies in the internet, computing, mobile, financial services, agriculture, healthcare and clean technology sectors.