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[Funding News] NYC-based Daytona Secures $5M to Simplify Development Environments

Daytona, the self-hosted 'Development Environment Manager has secured $2M pre-seed funding round and recent open-source launch—both of which have surpassed our wildest expectations—we have secured an additional $5M in fresh funding, led by Upfront Ventures.The new capital will be instrumental in strongly tackling the “works on my machine” issue. This funding and support will enable us to lower the barrier to entry and democratize software development on a global scale.

Daytona, the self-hosted ‘Development Environment Manager has secured $2M pre-seed funding round and recent open-source launch—both of which have surpassed our wildest expectations—we have secured an additional $5M in fresh funding, led by Upfront Ventures.The new capital will be instrumental in strongly tackling the “works on my machine” issue. This funding and support will enable us to lower the barrier to entry and democratize software development on a global scale.

Read also – [Funding News] Ca-based Micruity Raises $5M Strategic Funding

The round also included participation from our existing investor 500 Global which has doubled down on its investment in Daytona. With $2.7 billion in assets under management, 500 Global has funded over 35 billion-dollar companies, including GitLab, Twilio, Algolia, and many others.

Read also – [Funding News] CA-based Rocketlane Raises $24M Series B Funding to cCreate a Post-Sales CRM

Daytona was originally designed with large enterprises in mind, as they were the ones that motivated the Daytona team to jump into this new venture. Their need to enable developers to automate tasks, collaborate effortlessly, and enhance productivity—all while maintaining security standards these enterprises require, was missing from the market. Fast forward from our last announcement in November 2023 to today – our Annual Recurring Revenue (ARR) nearly doubled within just those six months. Showing the need and continued pull from the enterprise market.

Daytona CEO Ivan Burazin flanked by Chief Architect Goran Draganic (left) and Vedran Jukic (CTO).Daytona announce that Kevin Zhang is joining our board, bringing a wealth of experience and strategic vision to Daytona. As a new board member, Kevin will work alongside our CTO and co-founder, Vedran Jukic, and our CEO and co-founder, Ivan Burazin, to drive our mission forward and ensure we continue to innovate and meet the developer community’s needs.

kevin zhang, partner at upfront ventures said, “We’re thrilled to support the Daytona team’s mission to simplify development environments. Daytona’s vision of simplifying and democratizing development environments aligns perfectly with our investment philosophy. The most forward-thinking companies in the world have landed on cloud developer environments to achieve a uniform developer environment for their teams. The Daytona founders have been working towards this since their prior startup Codeanywhere. Their subject matter expertise and passion uniquely position them to build a beloved developer experience that also satisfies even the strongest security requirements. We’re thrilled to support its mission and look forward to seeing the additional impact the team will have on the developer community.”

About Daytona

Founded in 2023, Daytona is Simplifying Development Environments — Set up a dev environment on any infrastructure, with a single command. Your team can spend time on their goals, projects, and tasks — not the environment, toolchain, or infrastructure.Daytona directly addresses inefficiencies of development environments, allowing any developer to download Daytona and use a single command, daytona create, to set up a full development environment. This can be run on a remote server or locally, providing a one-click SaaS-like experience without the hosting costs. Daytona is addressing an ever growing pain in software development.

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