About Newcoda
Newcoda builds software and runs engagements that get old enterprise code ready for AI. A deterministic tool applies rewrite rules that an AI system first writes, turning legacy applications into modern code. The company also offers agentic coding work using Cognition's Devin, an AI software engineer that works inside a client's codebase. It builds a knowledge base that holds information otherwise kept only in employees' heads, for both people and AI agents to use. Its clients are regulated organizations in telecom, banking, utilities, the public sector and retail.
Newcoda is based in Miami, Florida. Its modernization engagements reuse about 80 percent of rewrite rules when work stays in the same language. At Itaú, 70 percent of the security vulnerabilities that Devin finds are auto-remediated. A Devin engagement takes about 12 weeks, from readiness assessment to scaled rollout. Betina Kitzler is co-founder and chief executive officer; Pilar Savoldi and Luis Luna are also co-founders. Alberto Gross, Jose Ignacio Cordero Ehrenberg and Jose Ignacio Cordero Lang serve on the board.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Oct 1, 2026 | Nov 4, 2026 | $1,265,000of $1.8M target | 14 | $90,357 | SAFERule 506(b) | Form D ↗ |
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Why Investors Backed Newcoda
Newcoda sells software and services that help large, regulated organizations get old systems ready for artificial intelligence. It rewrites legacy code, runs AI-assisted coding engagements with Cognition's Devin, and keeps a knowledge base that captures what employees know. The company is based in Miami, Florida, and serves banks, telecoms, utilities, public-sector agencies and retailers.
What the product does
Clients can reach Newcoda in three ways. A partner can refer an opportunity and let Newcoda contract and deliver the work directly. Newcoda can also work as a subcontractor under a partner that holds the client contract. Or its tools can be built into a partner's own platform as a technology alliance.
We wrote this summary from public statements by Newcoda and its investors. It is not investment advice.
Leadership Team
Executive officers and directors listed on Newcoda's Form D filed Nov 4, 2026.
