Quick Facts
CoreStory has raised $32 million in a Series A funding round led by NEA with participation from Wing VC and First Round Capital.
The San Francisco-based AI startup specializes in transforming legacy enterprise codebases into modern, cloud-ready systems using large language models.
Its platform automates code migration, documentation, and refactoring across multiple programming languages.
CoreStory’s proprietary AI engine identifies dependencies, rewrites outdated syntax, and suggests optimized architecture patterns.
The company aims to address the growing demand among enterprises struggling with decades-old systems that hinder digital transformation.
Founded in 2023 by former Google and AWS engineers, CoreStory currently serves Fortune 500 companies in the finance, telecom, and energy sectors.
The funding will accelerate R&D, scale go-to-market operations, and expand its engineering teams across North America and Europe.
NEA partner Forest Baskett described CoreStory as a “technical breakthrough for enterprise modernization.
1. Comparative analysis of LLMs vs. human ability to elicit unexpressed constraints for software requirements – CoreStory Research