Daytona, an open-source development environment manager, announced that it had raised $5 million in seed funding to drive its goal of democratizing development for developers globally. The funding round was led by Upfront Ventures with participation from existing investor 500 EE.
This new funding round will enable Daytona to accelerate the expansion of streamlined development environments to developers worldwide. And the company will use the funding for product development and hiring for new marketing, sales, and engineering.
Since launching its enterprise developer solution late last year, Daytona has nearly doubled its annual recurring revenue (ARR). And the company also created an open source version geared toward individual developers that has gained immense interest, amassing over 5,000 GitHub stars since being founded two months ago and consistently featuring on the most-starred repository list, demonstrating strong demand.
Daytona started out as a solution built for large enterprises, enabling their developers to automate tasks, collaborate effortlessly, and enhance productivity albeit while adherent to enterprise security needs. Recognizing the importance of extending these benefits beyond large organizations, it has open-sourced key components of its enterprise platform to empower individual developers with the same streamlined development experience.
One persistent challenge for the developer community is the “works on my machine problem” where inconsistent development environments lead to significant productivity losses. And according to IEEE Journal, developers lose 56% of their productive time due to inefficient environments. Daytona addresses this issue head-on by allowing any developer to create a fully working environment with a single command: daytona create.
KEY QUOTES:
“Our goal is to make every developer more productive, while lowering the barrier to entry for newcomers by removing unnecessary complexities. Today, setting up a dev environment can feel like starting a car in the 1900s with many steps and points of failure. Daytona makes it as simple as starting a modern car today where you can just push a button and go. We help developers focus on what really matters to them, which is writing code and building innovative solutions.”
– Ivan Burazin, co-founder and CEO of Daytona
“We’re thrilled to support the Daytona team on their mission to simplify development environments. The most forward-thinking companies in the world have landed on cloud developer environments as a way of achieving a uniform developer environment for their teams. The Daytona founders have been working towards this since they created one of the first cloud IDEs over a decade ago. Their subject matter expertise and passion uniquely positions them to build a beloved developer experience that also satisfies even the strongest security requirements.”
– Kevin Zhang, Partner at Upfront Ventures and new board member at Daytona
