Coder, a development platform keeping developers in flow, announced it has secured $35 million in funding to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian led the round and they were joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This funding brings Coder’s total Series B funding to $65 million. And Russell Moore (investor at Georgian) will join Coder’s Board of Directors.
Enterprises realize 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. Launched in 2017, Coder simplifies and standardizes how developers access and deliver their code.
Developers commonly utilize local environments on their laptops to write, build, and test their source code before shipping it to cloud services for integration and deployment. But local development introduces several challenges including slow project onboarding times, conflicts between individual developer environments, and increased security risks.
Coder takes on these challenges by centralizing development environments on enterprises’ cloud or on-premises infrastructure, enabling companies for delivering a more consistent and efficient developer experience while supporting governance and cost control. And unlike other developer platforms, Coder is uniquely positioned as a self-hosted, self-managed, and multi-cloud solution, mature enough to support the needs of even the most highly regulated, secure, and complex enterprises worldwide.
This latest investment will enable Coder to grow its open source foundation; accelerate CDE roadmap delivery; and expedite global expansion.
KEY QUOTES:
“With nearly 30 million developers worldwide, it is crucial that every developer is equipped with the performance, scale, and security of the cloud. 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.”
– Rob Whiteley, CEO at Coder
“We believe that Coder has an exciting opportunity to build on its existing momentum and become a leader in the growing CDE market. 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.”
– Russell Moore, Investor at Georgian
