Coder gets $35M to modernize enterprise development environment & streamline software development

Austin-based tech startup Coder.com has raised $35 million in Series B2 funding round to enhance its cloud-based development platform. This funding round, led by newcomer Georgian, brings Coder’s total Series B funding to $65 million. Existing investors Uncork Capital, Notable Capital, and Redpoint Ventures also participated.

Coder plans to use the fresh capital to expand its global footprint and grow its customer base. The company will also invest in its open-source foundation, evolve its cloud development environments (CDEs), and advance its product vision from a single solution to a comprehensive suite of tools designed to help developers write code faster and more securely.

Over the past year, Coder has doubled its revenue and employee count, with expectations to double these figures again this year. The company’s cloud development environments are trusted by major enterprises on the Global 2000 list and digitally native companies like Dropbox, Discord, and Skydio.

With this funding, Coder also announced that Russell Moore, an investor at Georgian, will join the company’s Board of Directors. Moore’s expertise is expected to play a significant role in guiding Coder’s future growth and development.

The Rise of CDEs

The importance of CDEs is growing, especially with the rise of remote work and the need for organizations to customize, automate, and secure their workflows. Gartner®’s latest Hype Cycle™ predicts that CDEs will offer high value and reach mainstream adoption within the next five to ten years, estimating that by 2026, 60% of cloud workloads will be built and deployed using CDEs.

CEO’s Vision

“With nearly 30 million developers worldwide, every developer must have the performance, scale, and security of the cloud,” said Rob Whiteley, CEO at Coder. “Our momentum with large enterprises and cloud-native organizations is strong. 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. This funding allows us to grow our world-class developer community, accelerate our product roadmap, and expand our geographical presence.”

Founded in 2017, Coder offers open-source tools and an enterprise platform that simplifies configuring, securing, and scaling development environments. By centralizing all development actions and source code on an organization’s internal infrastructure, Coder provides insight into potential threats while giving engineers access to powerful cloud resources. The platform combines productivity and security, providing the development speed of a startup to modern enterprises. With over 10 million Docker pulls and 35K GitHub stars, Coder is trusted by many of the world’s largest enterprises.

Coder addresses the challenges faced by enterprises by centralizing development environments on their cloud or on-premises infrastructure, enabling a more consistent and efficient developer experience while enhancing governance and cost control. Unlike other developer platforms, Coder’s self-hosted, self-managed, and multi-cloud solution meets the needs of highly regulated, secure, and complex enterprises.

“Coder has an exciting opportunity to build on its momentum and become a leader in the growing CDE market,” said Russell Moore, Investor at Georgian. “Coder is a key pillar of its customers’ developer infrastructure, enabling meaningful efficiency gains. By developing a solution that is both self-hosted and technology-agnostic, Coder has created a product well-suited for large enterprises. The market is ripe for the accelerated adoption of CDEs, and we’re looking forward to seeing Coder lead this demand.”