Sourcegraph, Inc. — Cyborg Score 8/10

Strong
Generative AI

Strategic Profile

The company has three core products: Code Search, Amp, and Cody. Over 800,000 developers have used Sourcegraph in the last 12 months, including developers from General Electric, Uber, Plaid, and 3 out of 5 FAANG companies. Sourcegraph ranks 5th amongst 148 active competitors, and stands 4th in terms of total funding among its competitors.

Cyborg Score Rationale

Sourcegraph has raised a total of $223M across 5 funding rounds with strong investor backing from tier-one VCs. The company demonstrates strong product-market fit with $50M revenue run-rate and 800,000+ developers using the platform. However, funding is from (July 2021), limiting recent capital momentum signals.

Top Insights

  • In 2025, Sourcegraph announced the discontinuation of Cody Free, Pro, and Enterprise Starter plans, effective July 23, 2025, and launched Amp, a new AI coding agent.
  • Revenue grew from $31M (September 2024) to $50M (March 2025), indicating strong 60%+ YoY growth trajectory.
  • Sourcegraph ranks 5th amongst 148 active competitors in the code intelligence/AI developer tools space.
  • The most recent Series D closed at $2.625B valuation (July 2021) led by Andreessen Horowitz.

Named Competitors

  • GitHub Copilot — AI-powered code completion integrated with GitHub
  • Tabnine — AI code assistant with privacy-focused code reviews
  • CodeComplete — Enterprise AI coding assistant for secure development
  • Replit — Cloud-based development environment with AI features

Recent Developments

  • (March 2025) Revenue milestone of $50M achieved
  • (July 2025) Cody Free, Pro, and Enterprise Starter plans discontinued; Amp AI coding agent launched
  • (2023) Cody AI coding assistant introduced; Code Search rebranded from original Sourcegraph product name

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