- Away development environment company Coder announced it raised $30 million in Series B funding led by GGV Capital
Coder has announced it raised $30 million in Series B funding led by GGV Capital with participation from Redpoint Ventures, Uncork Capital, and In-Q-Tel, Inc. This round of funding comes on the heels of an $8.5 million Series A round of funding led by Redpoint Ventures. Including this round, the company has raised a total of $43 million.
In connection with the funding round, GGV Capital Managing Partner Glenn Solomon will join the Coder Board of Directors. And this investment will be used to support an aggressive hiring plan, drive product innovation and increase global growth.
Coder was launched by Ammar Bandukwala, Kyle Carberry, and John Andrew Entwistle with the goal of helping developers write more code. And by moving the development environment to the cloud, Coder’s enterprise product quickly gained customers and investors with its ability to accelerate development workflows.
Now Coder provides open-source tools and an enterprise platform that makes it easier than ever for organizations of all sizes to configure, secure, and scale development environments. So far, Coder has over 10 million Docker pulls; 35,000 GitHub Stars; and is used by many of the world’s largest organizations.
Coder Enterprise essentially orchestrates full-featured development environments — which can be deployed on either public or private clouds. And with Coder, all development actions and source code are centralized on an organization’s internal infrastructure thus giving engineers access to powerful cloud resources and enterprises the ability to remove risks coming from insecure endpoints.
Each environment on Coder is created with a pre-configured image, ensuring security, consistency, and reproducibility. And engineering resources can be shifted quickly between teams to meet objectives without having to spend time re-configuring development environments.
Key Quotes:
“Coder’s mission is to make software developers happier.”
-Kyle Carberry
“We do this by automating away the configuration and maintenance of development environments, letting developers focus on their code.”
-Ammar Bandukwala
“In today’s rapidly changing environment, it’s more important than ever to give engineers the ability to stay productive from anywhere in the world. We’re thankful for our investors and look forward to helping our customers continue to drive innovation.”
-John Andrew Entwistle
“The Coder founders are rare talents – they built a platform embraced by both developers and enterprises. The platform showcases the value of centrally managed remote development environments, meaning security and productivity aren’t mutually exclusive. We are thrilled to be working with this team and help them grow.”
-Glenn Solomon, Managing Partner, GGV Capital and new Coder board member
“When I met John Andrew, Kyle, and Ammar, it was clear that they were building something special — they are solving a huge problem for developers, especially in today’s remote work environment. As developers, they are passionate about the problem Coder is solving and where software development is headed. We are so excited to be partnering with Coder in building this important company.”
-Alex Bard, Partner at Redpoint Ventures and Coder board member
