About UseCodex
UseCodex is a company based in Toronto (Canada) founded in 2020 by Saumil Patel.. UseCodex has raised $4.53 million across 2 funding rounds from investors including NFX, Ludlow Ventures and Emergence Capital. UseCodex offers products and services including Codex Extension. UseCodex operates in a competitive market with competitors including Orkes, Glitch, PopSQL, CoScreen and CodeStream, among others.
- Headquarter Toronto, Canada
- Founders Saumil Patel
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Codex Build Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.53 M (USD)
in 2 rounds
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Latest Funding Round
$4.4 M (USD), Seed
Dec 14, 2021
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Investors
NFX
& 3 more
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Employee Count
Employee Count
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Products & Services of UseCodex
UseCodex offers a comprehensive portfolio of products and services, including Codex Extension. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Extension for attaching notes and comments to code lines in VS Code.
Funding Insights of UseCodex
UseCodex has successfully raised a total of $4.53M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.4 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $4.4M
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First Round
First Round
(31 Aug 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - UseCodex | Valuation | NFX | |
| Aug, 2021 | Amount | Seed - UseCodex | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in UseCodex
UseCodex has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include NFX, Ludlow Ventures and Emergence Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm offering funding and tools for startups in technology and investment sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in US sectors by Ludlow Ventures.
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Founded Year | Domain | Location | |
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Tech focused Early and growth stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by UseCodex
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - UseCodex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Usecodex Comparisons
Competitors of UseCodex
UseCodex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Orkes, Glitch, PopSQL, CoScreen and CodeStream, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-powered code collaboration is enabled for microservices and real-time development.
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| domain | founded_year | HQ Location |
A crowdsourced platform is utilized for application building.
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| domain | founded_year | HQ Location |
Collaborative SQL editor for teams
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| domain | founded_year | HQ Location |
Remote screen sharing is enabled for developer team collaboration.
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| domain | founded_year | HQ Location |
Messaging and code collaboration platform for developers is offered.
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| domain | founded_year | HQ Location |
Free open-source software services are provided through decentralized Ethereum platforms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about UseCodex
When was UseCodex founded?
UseCodex was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is UseCodex located?
UseCodex is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Is UseCodex a funded company?
UseCodex is a funded company, having raised a total of $4.53M across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Aug 31, 2021.
What does UseCodex do?
Codex was founded in 2020 and is based in Toronto, Canada, operating within the software development sector. Tools are offered to support collaborative code management, including resolution of technical issues, generation of development insights, and repository analysis. Teammates contributions are tracked, and code snippets are curated to facilitate understanding of codebases across teams.
Who are the top competitors of UseCodex?
What products or services does UseCodex offer?
UseCodex offers Codex Extension.
Who are UseCodex's investors?
UseCodex has 4 investors. Key investors include NFX, Ludlow Ventures, Emergence Capital, and Y Combinator.