Qodo, a Tel Aviv-based startup specializing in artificial intelligence software for code testing and bug detection, has raised US$40 million in a funding round led by Susa Ventures and Square Peg.

This latest round brings Qodo’s total funding to US$50 million, although the company has not disclosed its current valuation.

Since its launch two years ago, Qodo’s tool has attracted the attention of over a million developers.

Besides its operations in Israel, the company has expanded into the US and the Netherlands, generating US$1 million in annual recurring revenue following the launch of its software.