CodeRoad Inc

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CodeRoad Inc - overview

Established

2002

Location

Boca Raton, FL, US

Primary Industry

Outsourcing

About

Based in the US, CodeRoad Inc delivers innovative technology solutions through its Velocity-as-a-Service model, integrating leading engineering talent and advanced AI systems to enhance software development for businesses across various industries. Founded in 2002 and headquartered in Boca Raton, US, CodeRoad Inc specializes in technology execution services. The company was established by individuals with significant expertise in the tech sector. Recently, in March 2026, CodeRoad was acquired by Etna Capital, enabling it to further enhance its AI capabilities.


CodeRoad specializes in providing a comprehensive technology execution model known as Velocity-as-a-Service (VaaS), which integrates elite nearshore engineering talent, AI-powered development systems, and digital transformation expertise. This solution is designed to address the challenges technology leaders face regarding speed, quality, and scalability in software development. The core offerings include the deployment of specialized engineering teams that embed directly within client workflows to accelerate product development, modernization of legacy systems, and implementation of AI solutions. CodeRoad caters to a diverse client base, including companies in luxury retail, automotive, financial services, and enterprise software sectors, primarily targeting markets in North America, Europe, and parts of Latin America.


Their services are particularly beneficial for organizations seeking to optimize their software development lifecycle (SDLC) and achieve measurable business outcomes. CodeRoad's revenue model is centered around B2B transactions, leveraging partnerships with technology-driven organizations to provide tailored solutions that drive digital transformation and enhance engineering capabilities. The firm operates on a subscription or retainer basis, where clients engage CodeRoad’s services for ongoing support in software development and project execution, as well as strategic consulting. With a focus on long-term partnerships, clients typically commit to extended agreements that allow for seamless integration of CodeRoad’s delivery pods into their teams.


Specific pricing structures for these services are determined based on the scope of projects and the level of expertise required, reflecting the firm’s commitment to delivering value through high-quality and efficient engineering solutions. CodeRoad is set to enhance its product offerings by launching new AI-driven solutions aimed at improving software development efficiency. The company plans to expand its services into new markets within Asia and Australia by the end of 2026. Following the acquisition by Etna Capital, the funding will be strategically utilized to bolster its AI capabilities and support these initiatives.


Current Investors

Etna Capital

Primary Industry

Outsourcing

Sub Industries

Offshore IT Services/IT Outsourcing

Website

www.coderoad.com

Verticals

Artificial Intelligence

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

CodeRoad Inc - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedCodeRoad Inc-

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