CoreStory Raises $32M Series A to Expand AI-Driven Legacy Code Intelligence

Why It Matters

The capital infusion accelerates CoreStory’s go‑to‑market push, positioning it to capture growing demand for AI‑based legacy migration tools as enterprises modernize legacy systems, potentially reshaping the application maintenance market.

Deal Summary

CoreStory announced a $32 million Series A led by Tribeca Venture Partners, NEA and SineWave Ventures with participation from Harrison Metal, Singtel Innov8, Samsung Next, Nimble Partners and Alumni Ventures. The company uses AI models and agentic workflows to accelerate legacy migration and application maintenance for enterprises.