Moderne, a Miami, FL-based automated code refactoring and analysis company, raised $30m in Series B funding.
The round was led by Acrew Capital with participation from Morgan Stanley, Amex Ventures, and TIAA Ventures, as well as all previous investors Allstate, Intel Capital, Mango Capital and True Ventures.
The company intends to use use the funds to extend operations and its business reach.
Led by CEO and co-founder Jonathan Schneider, Moderne provides enterprise companies with a code migration and maintenance platform. The technology stems from the OpenRewrite open-source project developed by Schneider at Netflix. OpenRewrite has been integrated into a number of developer tools from the world’s largest software companies, including AWS’s Amazon Q, Broadcom’s App Advisor, and Microsoft’s GitHub Copilot.
The platform can work across multiple LST files at once to analyze and transform codebases quickly and accurately. When combined with agentic experiences, like Moderne’s new Mod Agent, developers can work even more efficiently to understand and evolve large codebases.
FinSMEs
11/02/2025