Allstate backs Moderne

Moderne closed a $15 million Series A funding round led by Intel Capital with participation from True Ventures, Mango Capital and Allstate Strategic Ventures , bringing its total funding to $20 million.

Moderne falls under the umbrella of “continuous software modernization,” which refers to software solutions that automate code migration and fixes across a company’s software system. Founded in 2020 and headquartered in Seattle, Moderne’s private SaaS solution identifies code issues with high precision across 1000s of repositories simultaneously and accurately fixes the code for developers, unloading hours of developer time per week.

“Performing continuous software updates are crucial to protecting our data and business. We invested in Moderne because we are confident their software will help us enhance our technology, so we can deliver a better experience to our customers.”  – Tarik Galijasevic, Vice President and Managing Director of Allstate Strategic Ventures.