Coding platform SonarSource valued at $4.7 bln after latest funding

SonarSource’s valuation has jumped to $4.7 billion after coding platform raised $412 million in capital in a new funding round led by Advent International and General Catalyst.

SonarSource intends to use the funds to double its salesforce and to expand the company’s marketing team across its international offices.

SonarSource is also preparing for public markets.

The company counts technology giants like IBM, Microsoft, and Google-parent Alphabet as customers.

SonarSource offers a platform that supports 29 programming languages, allowing developers to “write clean code”. Its product offerings include both open-source and commercial solutions.

SonarSource is also looking to expand in the Asia-Pacific market and said it would open a regional headquarters in Singapore.

Other investors in the new fundraise include private equity firms Permira and existing investor Insight Partners.