What is Moderne?
Moderne is dedicated to alleviating the most tedious and time-consuming aspects of software development for enterprise-level businesses. The company emerged in response to the explosion of custom applications, which has led to an overwhelming number of security vulnerabilities, code dependencies, and quality issues that far exceed available resources for remediation. Moderne aims to solve these problems at scale, thereby enhancing overall business productivity.
How much funding has Moderne raised?
Moderne has raised a total of $15M across 1 funding round:
Series A
$15M
Series A (2023): $15M with participation from Intel Capital, True Ventures, and Mango Capital
Key Investors in Moderne
Intel Capital
Intel Capital is the investment arm of Intel Corporation, focusing on a wide range of technology sectors including AI, 5G, autonomous driving, and the intelligent edge.
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance and a strong community to help build enduring technology and artificial intelligence driven companies.
Mango Capital
MCAP Inc., operating as Mango Capital, is a technology-driven financial services firm targeting disruptive opportunities within the financial technology industry, with a focus on innovative business developments and strategic partnerships.
What's next for Moderne?
With this major enterprise-level funding, Moderne is poised for significant expansion and further development of its solutions. The strategic investment suggests a focus on scaling operations, enhancing its platform's capabilities, and potentially forging deeper partnerships within the enterprise software ecosystem. This capital infusion will likely accelerate its mission to streamline development workflows and improve the quality and security of custom-built applications across large organizations.
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