SAN FRANCISCO — CoreStory, the Code Intelligence company, has announced a $32 million Series A funding round led by Tribeca Venture Partners, NEA, and SineWave Ventures, with participation from Harrison Metal, Singtel Innov8, Samsung Next, Nimble Partners, and Alumni Ventures.
The investment accelerates CoreStory’s mission to tackle one of enterprise technology’s most costly challenges: understanding and modernizing the trillions of lines of legacy code that still power critical systems such as Social Security, Medicare, airlines, banks, and defense networks. Most of this code is undocumented, risky to modify, and too complex for traditional methods to safely modernize.
At the same time, a surge of AI-generated code is adding billions of new lines each month, many without documentation or clear design intent. Enterprises now face a dual challenge: modernizing the software they already depend on and managing what AI creates next.
CoreStory uses agentic AI to extract business logic and architecture from decades-old applications, transforming opaque systems into living, maintainable assets that organizations can safely expand. Enterprises using CoreStory report up to a 50 percent reduction in human development time by replacing manual discovery, documentation, and validation with automated specifications — turning modernization into a measurable, ROI-positive initiative.
“Every time you swipe a card or make a claim, you’re depending on software written decades ago that few people understand,” said Anand Kulkarni, CEO of CoreStory. “CoreStory’s agentic AI reads, maps, and documents that code, turning it into living specifications that make modernization safe and measurable. Our mission is to make the world’s software infrastructure understandable again — and future-proof for the AI era.”
