Coder, an Austin, TX-based company that specialises in AI development infrastructure, has raised $90 million in a Series C funding round led by KKR.
The round also saw participation from Qube Research and Technologies (QRT), Uncork Capital, and other existing investors.
The company plans to use the funds to improve its platform, focusing on enterprise AI workflows and stronger governance features.
Coder offers a secure, centralised platform that lets companies build and run development environments in the cloud instead of using scattered local setups. By giving both developers and AI tools a shared, controlled workspace, it helps teams stay consistent, onboard faster, and keep better control over how software is developed.
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Companies define successful AI adoption by balancing speed with control and testing with the ability to scale. Coder helps set a new standard by making it easy and safe to use approved coding tools. It automates setup, so users don’t need to install tools, connect AI models, or manage infrastructure—everything runs smoothly in the background through built-in systems and policies.
At KKR, Coder was introduced to over 500 engineers to standardise development and safely introduce AI. Within a year, the company went from no AI-assisted coding to more than half of its code being created in Coder-managed environments. After this success, KKR plans to expand these tools to more teams, with the investment coming mainly from its Next Generation Technology Growth Fund III.
Customer and investor QRT has also seen strong results, rolling out Coder to half of its 2,000+ employees, including engineers, data scientists, and analysts, where it plays a key role in how they use AI-driven tools.
Coder first grew by helping companies bring structure, security, and control to software development. As development now includes AI tools and agents, this foundation supports more workflows across the organisation.
The company is growing quickly, with 300% year-over-year bookings growth over the last four quarters, 45% growth in Q1 compared to the previous quarter, and 148% year-over-year growth in Q1. This growth is mainly driven by existing customers using the platform more, with strong retention at 184%, as companies adopt AI and expand Coder across teams and use cases.
“We partnered with customers KKR and QRT because they clearly understand how AI is changing software development,” said Rob Whiteley, CEO of Coder. “They use Coder to ensure consistency and security while using tools like Claude Code, Cursor, and OpenClaw, helping reshape how enterprise software is built.”
“Software development is changing rapidly with the rise of cloud and AI, and over 80% of enterprise developers are using or planning to use coding agents,” said Ben Pederson, Managing Director at KKR. “As companies scale AI, they need secure and standardised systems, and we believe Coder can become a key platform for the future of software development.”
“Coder has changed how we manage software development at KKR, especially as we add AI to our workflows,” said Ruchir Swarup, Chief Information Officer at KKR. “By standardising environments and building governance into the process, we can scale AI use in a secure and controlled way. This has improved consistency, sped up onboarding, and increased productivity, and we are now expanding these tools beyond engineers to analysts and data scientists.”
“Using AI at our scale requires strong control and governance,” said Zohar Melamed, Head of Developer Experience at QRT. “Coder lets us track every AI request, manage access across our systems, and stay compliant, while also speeding up deployment.”
About Coder
Founded in 2017 by Ammar Bandukwala and Kyle Carberry, Coder is a platform for AI development infrastructure that helps companies securely run both human and AI-driven workflows in controlled environments. It offers self-hosted, ready-to-use workspaces that improve developer productivity while maintaining governance. With Coder, companies can move from traditional development to AI-assisted, automated workflows without sacrificing security, compliance, or performance.
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