Gitpod, a Kiel, Germany-based open-source developer platform automating the provisioning of ready-to-code developer environments, announced that it raised $25 million in Series A funding.
The round was led by Tom Preston-Werner (Founder of GitHub), with all existing investors, including General Catalyst. Additional notable investors include Pebblebed, MongoDB Ventures, GTMfund, Tobi Lütke (CEO of Shopify), Olivier Pomel (CEO of Datadog), and Kent Beck (Signatory of the Agile Manifesto)
The funding will be used to create a new category – Cloud Development Environments (CDEs). The Series A allows Gitpod to accelerate innovation for its open platform that automates the provisioning of ready-to-code, secure and collaborative workspaces for all professional software teams.
Gitpod front-runs the shift to the cloud with CDEs, and companies such as Shopify, Stripe, and Slack are moving in the same direction.
“Developers have moved almost all creative workflows to the cloud. Paradoxically, the workflow of writing software itself never left local computers. Gitpod’s purpose is to change that. With the additional Afunding, we will continue to spearhead the shift to the cloud for developers: from static and brittle development environments to consistently reproducible, instant, ephemeral Cloud Development Environments (CDEs),” said Johannes Landgraf, co-founder and CEO of Gitpod. “Tom joining our board and leading the round with his largest investment to date makes us proud and is a strong vote of confidence in our ability to build a lasting company that makes creating software more collaborative, joyful and secure.”
Gitpod also announced the extension of its leadership with Mike Brevoort as Head of Product; Matthew Du Pont as Head of Sales, and Sara Parker as Head of Customer Success.
Co-founder Johannes Landgraf joins the board and becomes the company’s single CEO, and co-founder Sven Efftinge returns to an individual contributor role as Gitpod’s first Technical Fellow.
Preston Werner and Juliet Bailin from General Catalyst will join Gitpod’s board of directors.
Company: Gitpod GmbH
Raised: $25.0M
Round: Series A
Funding Month: November 2022
Lead Investors: Tom Preston-Werner
Additional Investors: General Catalyst, Pebblebed, MongoDB Ventures, GTMfund, Tobi Lütke, Olivier Pomel, and Kent Beck
Company Website: https://www.gitpod.io/
Software Category: open-source Development platform
About the Company: Gitpod is an open-source development platform for teams to develop software efficiently and securely. Born in the cloud, Gitpod’s Cloud Development Environments (CDEs) help developers always be ready to code from any device, anywhere. Integrated with all your favorite tools, Gitpod brings developers back to flow and removes the manual setup and maintenance of static and brittle local development environments. Gitpod makes creating applications faster, more joyful, collaborative, and more secure, saving up to 5h per engineer per week. More than 750,000 developers use Gitpod - from open-source projects to high-growth companies and enterprises.
Source: https://www.businesswire.com/news/home/20221103005613/en/Gitpod-Raises-a-25m-Series-A-to-Build-Cloud-Development-Environments-CDEs