CoreStory Scores $32 Million Series A

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; CoreStory&comma; the Code Intelligence company&comma; has announced a &dollar;32 million Series A funding round led by Tribeca Venture Partners&comma; NEA&comma; and SineWave Ventures&comma; with participation from Harrison Metal&comma; Singtel Innov8&comma; Samsung Next&comma; Nimble Partners&comma; and Alumni Ventures&period;<&sol;p>&NewLine;<p>The investment accelerates CoreStory’s mission to tackle one of enterprise technology’s most costly challenges&colon; understanding and modernizing the trillions of lines of legacy code that still power critical systems such as Social Security&comma; Medicare&comma; airlines&comma; banks&comma; and defense networks&period; Most of this code is undocumented&comma; risky to modify&comma; and too complex for traditional methods to safely modernize&period;<&sol;p>&NewLine;<p>At the same time&comma; a surge of AI-generated code is adding billions of new lines each month&comma; many without documentation or clear design intent&period; Enterprises now face a dual challenge&colon; modernizing the software they already depend on and managing what AI creates next&period;<&sol;p>&NewLine;<p>CoreStory uses agentic AI to extract business logic and architecture from decades-old applications&comma; transforming opaque systems into living&comma; maintainable assets that organizations can safely expand&period; Enterprises using CoreStory report up to a <b>50 percent reduction in human development time<&sol;b> by replacing manual discovery&comma; documentation&comma; and validation with automated specifications — turning modernization into a measurable&comma; ROI-positive initiative&period;<&sol;p>&NewLine;<p class&equals;"bwmarginl1">&OpenCurlyDoubleQuote;Every time you swipe a card or make a claim&comma; you’re depending on software written decades ago that few people understand&comma;” said <b>Anand Kulkarni<&sol;b>&comma; CEO of CoreStory&period; &OpenCurlyDoubleQuote;CoreStory’s agentic AI reads&comma; maps&comma; and documents that code&comma; turning it into living specifications that make modernization safe and measurable&period; Our mission is to make the world’s software infrastructure understandable again — and future-proof for the AI era&period;”<&sol;p>&NewLine;