Budapest- and London-based startup Kodesage, which uses AI to modernize legacy software, streamline onboarding, and ensure compliance for enterprises, has secured €2.3 million in a pre-seed funding round led by PortfoLion Capital Partners, as Vestbee was told.
- Founded in 2024 by Gyorgy Szilagyi and Miklós Szurdi, Kodesage offers an AI-powered platform that helps enterprises modernize and manage complex legacy software systems.
- Using advanced AI models and proprietary knowledge graphs, Kodesage simplifies code navigation, ensures up-to-date documentation, and maintains compliance and security. The platform supports on-premise and air-gapped deployments, making it a reliable choice for industries with strict regulations.
- With optimized performance, lower hardware requirements, and flexible integration with language learning models (LLMs), Kodesage provides a cost-effective solution for businesses facing challenges with outdated IT infrastructure.
"At Kodesage, we believe understanding and modernizing legacy software shouldn’t feel like an endless uphill battle. Our AI-powered platform empowers teams to simplify and secure modernization efforts, allowing organizations to focus on building future-ready solutions instead of wrestling with technical debt," tells Gergely Dombi, co-founder and CEO.
Details of the deal
- The pre-seed round was led by PortfoLion Capital Partners, Budapest-based venture capital and private equity arm of OTP Bank, which manages €440 million in assets and invests in startups across various sectors in the CEE region, with participation from prominent angel investors, including former UiPath executives.
"We couldn’t be more excited to team up with such a perfectly assembled founder team—György, Gergely, and Miki — to tackle this incredible opportunity," Principal at PortfoLion, Márk Pálfalvi, commented in a press release.
- Kodesage will use the €2.3 million in funding to accelerate platform development and scale its go-to-market efforts, enhancing its AI-powered solution to better serve customers and expand its pilot programs.
