Kodesage, a startup based in Budapest, has secured $6.6 million in seed funding. The company plans to use this investment to develop an on-premise AI platform. This platform will focus on modernizing legacy software systems, particularly those written in COBOL, Oracle Forms, and RPG, targeting financial institutions and insurers. AI
IMPACT Accelerates modernization of critical financial infrastructure, potentially reducing risk and costs for banks and insurers.
RANK_REASON Significant funding round for an AI-focused company addressing a major industry pain point. [lever_c_demoted from significant: ic=1 ai=0.7]
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