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Oxford AI company Diffblue Closes $22M Series A Round
Oxford University spin-off company Diffblue has raised $22 million (£16.9 million) in a Series A round led by Goldman Sachs Principal Strategic Investments and backed by Oxford Sciences Innovations and Oxford Technology and Innovations Fund. Founded in 2016, the company has developed AI that is able to automate computer programming: according to the company's description, the system can analyse code and perform "bug fixing, test writing, finding and fixing exploits, refactoring code, translating from one language to another, and creating original code to fit specifications." Diffblue's product is already available for Java and C, while the Python, C# and Javascript versions are currently under development. Diffblue founder and CEO--and Oxford's computer science professor--Daniel Kroening commented on the fresh round of funding in a statement. ""Software is becoming increasingly complex, interdependent and vulnerable and it's unrealistic to believe that humans can guarantee its safety and security,"he said. "We believe that the suite of tools we are developing at Diffblue has immense potential to help address these issues.