On-premise AI platform Kodesage, which helps companies understand, document and modernize business-critical legacy systems, announced today that it has raised $6.6 million in new capital in a round led by VentureFriends. The funds will be used to fuel market expansion including in Sweden, where demand is already strong. Existing investor Portfolion, which participated in the company’s pre-seed round, joined the round along with notable angel investors such as Christian Szegedy, co‑founder of Elon Musk’s xAI, and Mario Götze, German footballer and World Cup winner.
Kodesage was founded in 2024 by software entrepreneurs Gergely Dombi, Miklos Szurdi and Gyorgy Szilagyi. The company helps organizations reveal information buried in complex legacy system environments and turn it into a living knowledge layer that enables lower‑risk management and migration of business‑critical systems.
Kodesage’s technology is built for highly regulated industries such as banking, insurance, energy, transportation, telecom and the public sector—sectors where central business processes still depend on software created decades ago. The platform is designed to run entirely inside the customer’s environment so that sensitive code and data never have to leave organizational control.
The new capital will be used to accelerate Kodesage’s market expansion in Europe and the United States and to continue investing in the company’s engineering and product teams.
“Modernizing business‑critical IT systems is rarely a linear process. In regulated organizations, legacy and modern systems often coexist for many years while institutional knowledge slowly fades. That creates mounting pressure on IT organizations, measured in the billions. Kodesage’s platform helps teams understand and modernize these systems faster, resolve incidents and reduce recurring problems using AI,” says Gergely Dombi, co‑founder and CEO of Kodesage.
Kodesage is designed for legacy systems that remain widely used and where business logic resides not only in application code but also in database schemas, stored procedures and configurations. Common environments include Oracle Forms, PL/SQL, COBOL, PowerBuilder and RPG. The platform extracts and structures that information into a living knowledge layer that can be used for analysis, documentation, testing, migration and AI‑assisted support.
Because the solution runs entirely within the customer’s own environment—on‑premises, in a virtual private cloud or fully isolated when required—even organizations with stringent security, data sovereignty and compliance needs can adopt the technology without sensitive code or data leaving their control.
“Our vision is self‑healing business applications: systems that continuously learn, propose, test and validate fixes while engineers guide outcomes instead of diagnosing problems and writing code from scratch. For companies in regulated sectors where support teams have faced growing operational strain for years, this is where the biggest value lies,” says Gergely Dombi.
“Many organizations worldwide struggle to maintain and upgrade business‑critical systems that run on-premises. Starting from Oracle applications, Kodesage helps companies understand, operate and modernize complex and often undocumented codebases. That saves time and cost and reduces dependency on specialists who are nearing retirement. Gergely, Gyorgy and Miklos bring deep domain experience, and we are delighted to support them on this journey,” says Apostolos Apostolakis, founder and partner at VentureFriends.