Softwr

Developer Tools · head to head

Cody vs ThetaRay

Cody logo

Cody

Developer Tools

AI coding assistant powered by code search

From
Free
Free plan
Yes
Full reviewWebsite
ThetaRay logo

ThetaRay

Cybersecurity

Unsupervised AI transaction monitoring for cross-border and correspondent banking

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Only Cody has a free tier, so it costs nothing to try first.
  • Each has a real cost: Cody sourcegraph now publishes a single Enterprise plan starting at $16K, with no free or individual Pro tier listed on the pricing page; ThetaRay unsupervised models are harder to justify to an examiner than explicit rules, and some regulators still expect documented threshold logic, which can force you to run both systems.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Cody and ThetaRay actually diverge.

Attributes where Cody and ThetaRay differ
AttributeCodyThetaRay
Starting priceFreeOn request
Pricing modelfreemiumquote
Free tierYesNo
CategoryDeveloper ToolsCybersecurity
Founded2013Unknown

Identical on both: platforms (Web), user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Cody

Nothing recorded that ThetaRay does not also cover.

Only in ThetaRay

  • Unsupervised detection
  • Cross-border focus
  • Sanctions screening
  • Alert triage
  • Customer risk scoring
  • Cloud native

What people use each for

The jobs each tool is most often brought in to do.

Cody

  • Code completion and intelligent autocomplete in IDEsnot ThetaRay
  • Developer chat with codebase context awarenessnot ThetaRay
  • Automated debugging and error identificationnot ThetaRay
  • Customizable prompts for workflow automationnot ThetaRay

ThetaRay

  • A correspondent bank that cannot see the ultimate originator and needs behavioural signals rather than counterparty listsnot Cody
  • A cross-border payments fintech whose rules engine produces more alerts than its compliance team can clearnot Cody
  • A bank under a regulatory consent order needing demonstrable improvement in detection within a fixed periodnot Cody
  • A payment institution entering a high-risk corridor where existing thresholds were calibrated on domestic trafficnot Cody

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Cody

  • Sourcegraph now publishes a single Enterprise plan starting at $16K, with no free or individual Pro tier listed on the pricing page
  • sourcegraph.com/cody redirects to the documentation rather than a Cody product or pricing page
  • AI features are metered as credits included per user, and exceeding the allocation requires buying a higher volume bucket
  • Volume credit buckets are sold as an add-on rather than included
  • A customer success manager and premium support are optional paid extras on top of the Enterprise plan
  • Standard support is 24x5 rather than 24x7, with round-the-clock coverage sold as an upgrade
  • The published $16K figure is a starting price that scales with team size, so the actual cost is quoted rather than listed

ThetaRay

  • Unsupervised models are harder to justify to an examiner than explicit rules, and some regulators still expect documented threshold logic, which can force you to run both systems.
  • The alert reduction claim depends heavily on your data, so a parallel run is essential and adds months and cost before you can decommission the incumbent.
  • Coverage is strongest in cross-border and correspondent flows; institutions whose risk is domestic retail fraud will find the fit weaker than a general-purpose monitoring platform.
  • It is a smaller vendor than the incumbents, so integration connectors into legacy core banking systems are often bespoke work rather than a supported adapter.
  • Model retraining and tuning are vendor-led, which means changing detection behaviour is a support conversation rather than something your own analysts can do that afternoon.

Pricing, plan by plan

Cody

Free

No published plan breakdown. See the Cody review.

ThetaRay

On request
  • ThetaRay Sonar$undefined/year
    • Priced by monitored transaction volume and number of monitored entities
    • SaaS on Azure with regional data residency options
    • Parallel run and model tuning included in onboarding

Which should you pick?

Choose Cody if

  • You want to start without paying.
Cody review

Choose ThetaRay if

  • You need unsupervised detection.
  • You also want cross-border focus.
ThetaRay review

Questions people ask

Is Cody or ThetaRay better?
Neither clearly leads. Cody starts at Free and ThetaRay at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Cody or ThetaRay?
Cody has a free tier; the other does not. Paid plans start at Free for Cody and On request for ThetaRay.
Does Cody or ThetaRay run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use Cody for free?
Yes. Cody has a free tier, so you can try it without paying. ThetaRay starts at On request.
What is Cody best used for?
Cody is most often used for code completion and intelligent autocomplete in ides, developer chat with codebase context awareness, automated debugging and error identification, customizable prompts for workflow automation. Of those, code completion and intelligent autocomplete in ides and developer chat with codebase context awareness are not what ThetaRay is typically brought in for.
What can Cody do that ThetaRay cannot?
ThetaRay covers Unsupervised detection, Cross-border focus, Sanctions screening, Alert triage.

Answered from the vendors’ own pages

Cody: Is Cody free?

Cody offers a free tier for individual developers via VS Code, JetBrains, Visual Studio, and the web app. Unlimited free usage is available for solo developers.

Source
ThetaRay: Does it replace a rules engine entirely?

Rarely on day one. Most institutions run it alongside existing rules during a parallel period, and some keep specific regulator-mandated rules permanently.

Cody: What does Cody Enterprise cost?

Cody Enterprise pricing is custom and requires contacting Sourcegraph sales. It is available for Sourcegraph Enterprise customers and must be quoted based on your deployment and usage needs.

Source
ThetaRay: Where is the data processed?

SaaS runs on Microsoft Azure with regional deployment options, which is the mechanism for meeting data residency conditions in regulated markets.

Cody: What LLMs does Cody use?

Cody uses the latest large language models for code completions, chat, and debugging. It leverages Sourcegraph's advanced Search API to pull codebase context from local and remote repositories.

Source
ThetaRay: Is sanctions screening included?

Screening is available on the same platform but licensed as part of the commercial package rather than bundled by default. Confirm it is in your quote.

Share

Related pages

More on Cody

More on ThetaRay

Keep looking

Other head to heads