Sequoia Backs Developer Startup Cortex at $470 Million Valuation

Cortex Applications Inc., a startup that aims to help software developers be more efficient, has raised $60 million from investors including Sequoia Capital, Y Combinator and the co-founders of Stripe Inc.

The deal values the startup at $470 million, and was led by Scale Venture Partners. Eric Anderson, a partner at Scale, is joining the company’s board. Other investors included IVP and Stripe’s John and Patrick Collison.

Anish Dhar, left, and Ganesh Datta

Source: Cortex Applications Inc./SixEastern

The business was co-founded by Anish Dhar and Ganesh Datta, whose experiences as engineers at Uber Tecnologies Inc. and LendUp motivated them to build the product. Cortex offers what’s called an internal development portal, which allows staffers within ...