CoreStory Scores $32 Million Series A

SAN FRANCISCO &&num;8212&semi; CoreStory, the Code Intelligence company, has announced a &dollar;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&period;&NewLine;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, Medicare, airlines, banks, and defense networks&period; Most of this code is undocumented, risky to modify, and too complex for traditional methods to safely modernize&period;&NewLine;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&period; Enterprises now face a dual challenge&colon; modernizing the software they already depend on and managing what AI creates next&period;&NewLine;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&period; 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&period;&NewLine;&OpenCurlyDoubleQuote;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&period; &OpenCurlyDoubleQuote;CoreStory’s agentic AI reads, maps, and documents that code, 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;”&NewLine;

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