AdaCore sees strategic investment
AdaCore has received a strategic investment from Battery Ventures, a global, technology-focused fund.
The undisclosed investment is aimed at boosting AdaCore’s expansion of high-integrity software development tools.
AdaCore specializes in developing robust software tools for industries where safety, security, and reliability are key with development and verification tools for the Ada, SPARK, C/C++, and Rust programming languages. Allowing customers to use multiple languages inside one integrated development environment is key for areas such as aerospace, defence, medical and industrial.
- AdaCore joins Rust Foundation
- Safety-critical Rust toolchain deal
- Toolchain gets ISO 26262 and IEC 61508 certification
“We are at a pivotal moment in the evolution of software development, where the demand for high integrity and secure software has never been more critical,” said Franco Gasperoni, CEO at AdaCore. “Our partnership with Battery Ventures is a testament to our shared commitment to setting new benchmarks in the industry. With this strategic investment, AdaCore is poised to expand its technological horizons and reinforce its mission to provide developers and enterprises with the most reliable tools and assistance for building mission-critical systems. I am thrilled about the opportunities that lie ahead and am confident that our enhanced capabilities will drive innovation and elevate the state of the art in high integrity software development.”
The investment will allow AdaCore to enhance its product portfolio with new tools and technologies in the areas of static and dynamic analysis, machine learning, formal methods, safety certification, and cybersecurity.
“AdaCore’s longevity, and its dedication to advancing high integrity software, impressed us tremendously, as did the key role the company’s products play in powering critical industries,” said Morad Elhafed, general partner at Battery Ventures.
“We are excited to support AdaCore’s ambitious vision, driving innovation that will redefine standards in software-development tooling for high-stakes applications,” said Robbie Payne, a veteran software executive and Battery executive-in-residence Payne, who was previously the CEO of smart-manufacturing solutions company Cambrio. He will join AdaCore’s board of directors.
The company has North American headquarters in New York and European headquarters in Paris.
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