Total amount raised
$82.8 Millions
Latest funding date
Location
Coder has successfully raised significant funding through multiple rounds, with the latest being a Series B round. The platform offers secure, scalable development environments for enterprises, supporting AI coding agents and other advanced features.
Keep reading to explore the intricacies of Coder's fundraising journey and the investors backing this innovative platform.
What Is Coder?
Founded in 2017, Coder is an innovative company based in Austin, Texas. It specializes in cloud computing, developer platforms, and enterprise software, providing open-source tools and an enterprise platform to configure, secure, and scale development environments.
The company was founded by Ammar Bandukwala, John Andrew Entwistle, and Kyle Carberry. With an employee count ranging from 101 to 250, Coder aims to build the best products available for developers, supporting secure and scalable development environments for enterprises.
How Much Funding Has Coder Raised?
- Seed Round
- Amount Raised: $4.5M
- Date: November 2018
- Lead Investors: Redpoint, Uncork Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundation and develop its initial product offerings.
- Series A
- Amount Raised: $11.5M
- Date: May 2019
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the development of their platform and expand their market reach.
- Series B
- Amount Raised: $31.8M
- Date: April 2020
- Lead Investors: Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and support a growing customer base.
- Series B2
- Amount Raised: $35M
- Date: June 2024
- Lead Investors: Georgian
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow its open-source foundation, accelerate the delivery of its CDE roadmap, and expedite global expansion.
Total Amount Raised: $82.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Georgian
- Details: Georgian is a venture capital firm with deep expertise in developer tooling, open source, and generative AI. Russel Moore from Georgian will join Coder's Board of Directors.
- Investment Focus Areas: Developer tooling, open source, generative AI
- Notable Investments: Island, Dagster
- Notable Capital
- Details: Notable Capital is a venture capital firm that participated in the Series B2 funding round for Coder. Specific details about Notable's focus areas or notable investments are not provided.
- Investment Focus Areas: Not specified
- Notable Investments: Not specified
- Redpoint
- Details: Redpoint is a venture capital firm that partners with visionary founders to create new markets or redefine existing ones. They have been involved in multiple funding rounds for Coder.
- Investment Focus Areas: New markets, redefining existing ones
- Notable Investments: Not specified
- Uncork Capital
- Details: Uncork Capital is a seed-stage venture capital firm that invests in early-stage technology companies. They have participated in several funding rounds for Coder.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: Not specified
What's Next for Coder?
With a fresh $35 million in Series B2 funding, Coder is poised to capitalize on several key opportunities. The company plans to grow its open-source foundation, enhance its Cloud Development Environment (CDE) capabilities, and expand globally, particularly in Europe. These initiatives align with industry trends such as the shift to cloud development and the increasing importance of open-source projects.
Future fundraising opportunities seem promising, given the involvement of prominent investors like Georgian and the growing demand for Coder's solutions. However, challenges such as managing global compliance, ensuring scalability, and differentiating from competitors will need to be addressed to sustain growth and attract further investment.
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