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Venture Capital News: Coder Grabs $35M Series B2 Round

2024-06-25
AUSTIN, TX, Coder today announced it has secured $35 million in capital to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally.
Coder, the development platform that keeps developers in flow, today announced it has secured $35M in capital to broaden its open source footprint, evolve cloud development environments (CDEs), and expand globally. Georgian leads the round, joined by existing investors Uncork Capital, Notable Capital, and Redpoint Ventures. This brings Coder's total Series B funding to $65M. Russell Moore, Investor at Georgian, will join Coder's Board of Directors.

Coder's mission is to make developers 10x more productive. It's starting by rethinking software development and allowing developers to access centralized cloud development environments (CDE) from any browser. Its unique combination of simplicity and customizability gives developers the power to create, access, and collaborate on development environments from anywhere, without having to host and manage code locally. This streamlines developer workflows, saves time, and accelerates innovation. Coder open source is free and ideal for small teams of developers, while an optional annual subscription is ideal for DevOps and Platform Engineering teams needing additional security, observability, and governance capabilities that make it easier to run at scale in production environments. With Coder, developing software has never been easier.
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