What Happened

Kodesage, a startup developing an AI platform for legacy software modernisation, raised $6.6M in a seed funding round led by VentureFriends. Existing investor Portfolion and angel investors, including Christian Szegedy and Mario Götze, also participated.

Who Is Affected

Enterprises in highly regulated industries like banking, insurance, energy, and telecommunications are the primary users of Kodesage’s platform. These organisations rely on legacy systems that are costly and complex to modernise.

Market Impact

• Growing demand for AI-driven solutions in legacy software modernisation.
• Increased focus on compliance and data residency in regulated industries.
• Opportunities for vendors targeting enterprises with complex legacy systems.

What to Watch

Kodesage plans to expand its go-to-market efforts in the US and Europe while investing in product development. Their long-term vision includes enabling self-healing enterprise applications with AI-assisted oversight.