Deals

Codenvy raises $9M to take code for a ride in the cloud

Investors are green with Codenvy. Today, the startup which provides a cloud-based environment to code, build, and test apps, announced that it closed $9 million in its first round of funding.

Cloud computing has fundamentally changed the world of IT. Business operations from tracking sales leads to finance management are increasingly going airborne due to the cloud’s flexibility, 24-hour access, and lower cost. However, many developers still work on their desktops, which can limit their productivity.

“The Integrated Development Environemnt (IDE) model for application development hasn’t changed in four decades,” said CEO Tyler Jewell in a statement. “It’s so pervasive, the IT industry has become complacent to its severe limitations.”

Codenvy’s solution requires no downloading to access the full stack browser environment, with multiple language and framework options. The company claims developers can gain up to two additional hours of coding time each day through features like “always-on workspaces, parallel multicore compilation, continuous iterative deponent, and multicursor pair programming.” Teams can also share their workspaces to facilitate collaboration.

Programming teams can use Codenvy to run and test their applications, go through the complete “build lifecycle” (validate, compile, test, package, and deploy), and edit code in the browser. Integration partners include GitHub, ReHat Openshift, Google App Engine, Amazon Web Services, VMWare, Heroku, and AppFog. The company has 50,000 registered developers. The service is free for public projects and otherwise involves a monthly subscription free ranging from a $9 a month “secure” option for five private projects to Codenvy Enterprise, which carries a variable, case-by-case pricing basis.

Toba Capital led this $9 million round, with participation from Auriga Partners and a number of angel investors. Codenvy was formerly known as Exo IDE and is based in San Francisco.

Photo Credit: Mike Saechang