Coder Technologies Inc. Secures $35 Million to Fuel Global Expansion and Enhance Cloud Development Tools
June 28, 2024, 9:34 am
Location: United States, Texas, Austin
Employees: 51-200
Founded date: 2016
Total raised: $69.5M
Coder Technologies Inc., a pioneering remote development platform company, recently announced a significant milestone by raising $35 million in new funding. This infusion of capital is earmarked to bolster the company's open-source footprint, advance cloud development environments, and facilitate its expansion into new global markets.
Established in 2017, Coder Technologies Inc. has been at the forefront of revolutionizing software development practices. By providing open-source tools and an enterprise platform, the company aims to simplify the configuration, security, and scalability of development environments. Their overarching goal is to empower developers to be ten times more productive by reimagining software development processes and enabling access to centralized cloud development environments (CDEs) from any web browser.
The essence of Coder's service lies in its ability to offer a harmonious blend of simplicity and customizability. This unique proposition grants developers the flexibility to create, access, and collaborate on development environments from virtually anywhere, without the need to host and manage code locally. By streamlining developer workflows, saving time, and accelerating innovation, Coder Technologies Inc. is reshaping the landscape of software development.
In September, Coder Technologies Inc. unveiled the 2.0 version of its service, introducing a cloud-native platform that allows developers to write, run, and test code on any device using a cloud development environment. Notable enhancements included new Dev Container support, a template registry, and seamless integration with JFrog Ltd.'s Artifactory and Xray. This update was strategically designed to transition development activities from local workstations to cloud-based workspaces, thereby expediting onboarding processes and boosting productivity for developers and coders alike.
The company offers both free and paid versions of its platform, catering to small teams of developers with an open-source and free version, as well as an optional annual subscription for DevOps and platform engineering teams seeking additional security, observability, and governance capabilities. With nearly 30 million developers already leveraging its tools and services, Coder Technologies Inc. has garnered a strong following among prominent organizations such as Progressive Corp., Dropbox Inc., Infosys Ltd., and Goldman Sachs Group Inc.
Georgian Partners Growth LP spearheaded the recent funding round, with existing investors Uncork Capital LLC, Notable Capital LLC, and Redpoint Ventures LP also participating. Rob Whiteley, the Chief Executive Officer of Coder Technologies Inc., expressed optimism about the company's trajectory, emphasizing their momentum with large enterprises and cloud-native organizations. Whiteley envisions Coder Technologies Inc. evolving from the premier enterprise CDE to the leading CDE overall, displacing established players like GitHub Codespaces.
Including the latest funding injection, Coder Technologies Inc. has amassed approximately $85 million in total funding to date, according to data from Tracxn. This financial backing underscores the confidence and support from investors in the company's vision and potential for growth. As Coder Technologies Inc. embarks on its next phase of expansion and innovation, the industry eagerly anticipates the transformative impact it will continue to have on the realm of software development.
Established in 2017, Coder Technologies Inc. has been at the forefront of revolutionizing software development practices. By providing open-source tools and an enterprise platform, the company aims to simplify the configuration, security, and scalability of development environments. Their overarching goal is to empower developers to be ten times more productive by reimagining software development processes and enabling access to centralized cloud development environments (CDEs) from any web browser.
The essence of Coder's service lies in its ability to offer a harmonious blend of simplicity and customizability. This unique proposition grants developers the flexibility to create, access, and collaborate on development environments from virtually anywhere, without the need to host and manage code locally. By streamlining developer workflows, saving time, and accelerating innovation, Coder Technologies Inc. is reshaping the landscape of software development.
In September, Coder Technologies Inc. unveiled the 2.0 version of its service, introducing a cloud-native platform that allows developers to write, run, and test code on any device using a cloud development environment. Notable enhancements included new Dev Container support, a template registry, and seamless integration with JFrog Ltd.'s Artifactory and Xray. This update was strategically designed to transition development activities from local workstations to cloud-based workspaces, thereby expediting onboarding processes and boosting productivity for developers and coders alike.
The company offers both free and paid versions of its platform, catering to small teams of developers with an open-source and free version, as well as an optional annual subscription for DevOps and platform engineering teams seeking additional security, observability, and governance capabilities. With nearly 30 million developers already leveraging its tools and services, Coder Technologies Inc. has garnered a strong following among prominent organizations such as Progressive Corp., Dropbox Inc., Infosys Ltd., and Goldman Sachs Group Inc.
Georgian Partners Growth LP spearheaded the recent funding round, with existing investors Uncork Capital LLC, Notable Capital LLC, and Redpoint Ventures LP also participating. Rob Whiteley, the Chief Executive Officer of Coder Technologies Inc., expressed optimism about the company's trajectory, emphasizing their momentum with large enterprises and cloud-native organizations. Whiteley envisions Coder Technologies Inc. evolving from the premier enterprise CDE to the leading CDE overall, displacing established players like GitHub Codespaces.
Including the latest funding injection, Coder Technologies Inc. has amassed approximately $85 million in total funding to date, according to data from Tracxn. This financial backing underscores the confidence and support from investors in the company's vision and potential for growth. As Coder Technologies Inc. embarks on its next phase of expansion and innovation, the industry eagerly anticipates the transformative impact it will continue to have on the realm of software development.