Moderne secures $30 million to tackle technical debt in software codebases

Moderne, a Florida-based startup, has raised $30 million in a Series B funding round to address technical debt in complex codebases. This funding, led by Acrew Capital, brings its total funding to around $50 million since its founding in 2020. The company focuses on automating code refactoring and modernization, helping enterprises manage their software stacks more effectively. Moderne's technology, built on OpenRewrite, enhances scalability and collaboration, allowing for easier updates and security improvements across multiple repositories. Moderne has shifted its focus from code modernization to what it calls "tech stack liquidity," enabling businesses to adapt their codebases more fluidly. The company is also integrating AI capabilities to improve the efficiency of its services, reflecting a strategic evolution in its operations.