A spin-out company from Oxford University has raised $22 million “Series A funding” to apply AI to software development. The new AI system can aid current program developers with coding, and might even replace them in the future, the company founder says.
The Spin-off Company
DiffBlue, a spin-off startup company from Oxford University has recently raised $22 million to apply Artificial Intelligence software development. This marks the second largest funds raised in a European Series A round. The fundraiser was led by “Goldman Sachs Principal Strategic Investments” as well as “Oxford Sciences Innovations (OSI),” “Oxford Technology and Innovations Fund (OTIF).”
Peter Schrammel and Daniel Kroening, a professor of computer science at Oxford University, founded the company. They said that the company aims to aid coders’ ability to code through the help of machine learning system and AI. The system scans any code in order to detect bugs and then “generate its own tests to tackle them.” The developers say that the system could also refactor code, detect and solve exploits, translate between programming languages, and create original codes.
Comments On The Fundraiser
Daniel Kroening, the co-founder of the company, said: “Software is becoming increasingly complex, interdependent and vulnerable and it’s unrealistic to believe that humans can guarantee its safety and security.
“The products we are developing at Diffblue’s use AI to empower users to develop code of a far higher quality and security standard than would have been possible before. In doing so, it eases the burden of testing which is one of the biggest pain points for developers, and frees up their time to focus on what they do best.”
Kroening thinks that society “will never produce enough software developers” regardless of its best efforts in the past decade. Therefore, AI could definitely augment “or even replace” existing software developers.” He says that this way there is a better chance that society can meet the growing demand for software development.
Lilly Bussman, the OSI Principal also described the company as “one of the world’s most exciting startups.”
She said: “In a world that’s increasingly run by software, Diffblue’s mission of equipping developers and organisations with the next generation AI-powered dev tools is a very worthwhile one, both in terms of its economic and social impact.
“To us, Diffblue is a great example of how world-class research undertaken at Oxford can result in truly innovative technologies being put in the hands of end-users. We’re very excited to be working with Diffblue in the years to come.”