Codesphere, a Karlsruhe, Germany-based company that allows developers to program and scale complex applications directly in the cloud, has secured $18 million in funding.
Investors
The round was led by Creandum, with participation from existing investors including LEA Partners, Begin Capital, 42CAP, and 468. The round brings Codesphere’s total funding to $26.5 million.
Founded in 2003, Creandum is a pan-European early-stage venture capital firm investing in seed and later-stage companies. The firm focuses on technology companies within the consumer, software, and hardware industries.
Codesphere Use of Funds
The company plans to use this capital to expand its services, develop new solutions, and improve collaboration tools for development teams.
About Codesphere
Founded in 2020, Codesphere provides a cloud-based development platform that enables developers to build, deploy, and scale complex applications without the traditional complications associated with DevOps and containerization. The platform automates many aspects of infrastructure management, enabling developers to focus entirely on feature creation and application development. The company serves a diverse range of clients, including Staatsbank Baden-Württemberg (L-Bank), Tel.io, Arkane, Gigabyte, and Eurotours.
Funding Details
Company: Codesphere, Inc.
Raised: $18.0M
Round: Unknown
Funding Month: May 2024
Lead Investors: Creandum
Additional Investors: LEA Partners, Begin Capital, 42CAP, 468
Company Website: https://codesphere.com/
Software Category: Cloud Development
Source: https://www.businesswire.com/news/home/20240516464723/en/