Coder, an Austin, TX-based provider of a development platform that keeps developers in flow, raised $35M in Series B2 funding.
The round, which brought the total amount to $65M, was led by Georgian, with participation from Uncork Capital, Notable Capital, and Redpoint Ventures. Russell Moore, Investor at Georgian, will join Coder’s Board of Directors.
The company intends to use the funds to:
- Grow its open source foundation.
- Accelerate CDE roadmap delivery.
- Expedite global expansion.
Founded in 2017 and led by CEO Rob Whiteley, Coder helps developers to 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. Coder addresses these challenges by centralizing development environments on enterprises’ cloud or on-premises infrastructure, enabling companies to deliver a consistent and efficient developer experience while bolstering governance and cost control. It is positioned as a self-hosted, self-managed, and multi-cloud solution, mature enough to support the needs of enterprises worldwide.
FinSMEs
25/06/2024