Saturday, July 20, 2024
HomeFunding TX-based Coder Raises $35M Series B2 Funding

[Funding News] TX-based Coder Raises $35M Series B2 Funding

Coder, the development platform that keeps developers in flow, announced it has secured $35M in capital to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian leads the round, joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This brings Coder's total Series B funding to $65M. Russell Moore, Investor at Georgian, will join Coder's Board of Directors.

Coder, the development platform that keeps developers in flow, announced it has secured $35M in capital to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian leads the round, joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This brings Coder’s total Series B funding to $65M. Russell Moore, Investor at Georgian, will join Coder’s Board of Directors.

Read also – [Funding news] NYC-based Cypris Therapeutics Secures over $500K in Pre-Seed Funding

Enterprises increasingly recognize that CDEs are critical to the developer experience with the rise of remote work and organizations’ need to easily customize, automate, and secure their workflows, data, and devices, making traditional development tools obsolete.

Read also – [Funding news] CO-based Invi Secures $1.5Million in Series Seed Round Funding

“With nearly 30 million developers worldwide, it is crucial that every developer is equipped with the performance, scale, and security of the cloud,” said Rob Whiteley, CEO at Coder. “Coder has great momentum with large enterprises and cloud-native organizations, and we believe there is an opportunity to grow from the No. 1 enterprise CDE to the No. 1 CDE overall, displacing incumbents like GitHub Codespaces. Georgian’s focus on open source tooling, developers, and AI/ML makes them the perfect partner for Coder as we double down on CDEs. Coder is now capitalized to grow our world-class developer community, accelerate the delivery of our product roadmap, and expand our geographical presence. This funding begins the next chapter for Coder.”

Coder simplifies and standardizes how developers access and deliver their code. Developers commonly use local environments on their laptops to write, build, and test their source code before shipping it to cloud services for integration and deployment. However, local development introduces several challenges including slow project onboarding times, conflicts between individual developer environments, and increased security risks.

Today’s generation of CDEs fail to deliver on several fundamental enterprise prerequisites, including low latency, high availability, and absolute control over where development environments are hosted. These shortcomings opened the door for Coder to redefine standards and drive the next generation of CDEs that are purpose-built to meet the demands of today’s cloud-native enterprises.

“We believe that Coder has an exciting opportunity to build on its existing momentum and become a leader in the growing CDE market,” said Russell Moore, Investor at Georgian. “Coder is a key pillar of its customers’ developer infrastructure, and enables meaningful efficiency gains for its users. By developing a solution that is both self-hosted and technology-agnostic, Coder has created a product well-suited for large enterprises. In our view, the market is ripe to support accelerating adoption of CDEs, and we’re looking forward to seeing Coder at the helm of this growing demand.”

This latest investment will enable Coder to: Grow its open source foundation. With more than 80K GitHub stars across its open source projects, Coder will grow its existing open source community by building and acquiring additional open source projects and adding a new Developer Experience function to oversee and grow the more than 1.2M monthly active users in the Coder community.

Accelerate CDE roadmap delivery. Coder will expand and execute its CDE product roadmap, ensuring they meet the demands of modern development workflows, particularly in a post-GenAI landscape where ephemeral workspaces and generative AI tools are increasingly essential.

Expedite global expansion. Coder will expand its EMEA presence to support its existing customer base and the growing demand from large security and compliance-focused companies in highly regulated environments such as financial services, telecom, pharmaceuticals and retail. Coder anticipates hiring for its EMEA sales, marketing, support, and engineering teams.

About Coder

Founded in 2017, by Ammar Bandukwala, Kyle Carberry, and John Andrew Entwistle  Coder’s mission is to make developers 10x more productive. It’s starting by rethinking software development and allowing developers to access centralized cloud development environments (CDE) from any browser. Its unique combination of simplicity and customizability gives developers the power to create, access, and collaborate on development environments from anywhere, without having to host and manage code locally.

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular