• Koding secured $10m in series B this week

    Independent development environment provider Koding closed $10m in series B funding this week in a round led by Khosla Ventures.

    Koding offers a platform that aims to bridge user-friendly collaboration features with a robust, device-agnostic development platform, and the service is hosted directly on AWS and DigitalOcean infrastructure.

    500 Startups and existing investors Matrix Partners and RTP Ventures also participated in the funding round, which brings the total amount secured by the company since its founding to just under $30m.

    As part of the most recent round, Ari Zilka, a partner at Khosla Ventures and formerly chief technology officer at big data specialist Hortonworks, will join the company’s board.

    “The cloud-based development environment has dramatically shifted how software engineers write code and collaborate. The cloud provides an immersive environment that increases productivity without requiring any installation,” explained Nitin Gupta, Koding’s chief business officer in a recent blog post.

    “Already, we have over a million software developers using Koding who, in aggregate, have written over a billion lines of code, spun up millions of virtual machines and consumed over eight petabytes of storage. Our recently forged partnerships with developer focused companies like DigitalOcean and Amazon Web Services (AWS) help get Koding into the hands of even more developers worldwide.”

    The company said it plans to use the funding to double down on developing its Koding for Teams offering, which brings new capabilities that allow developers to more easily on-board team members and build internal development communities across heterogeneous developer organisations.

     

     

     

     

     

     
    [“Source- businesscloudnews”]

    Categories: Cloud Update

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