Codesphere, a platform enhancing infrastructure efficiency by enabling developers to create and grow sophisticated cloud-based apps, has raised €16.5 million in a fundraising round.
LEA Partners, Begin Capital, 42CAP, 468, and other current investors joined the investment round, along with the Pan-European VC Creandum which led the round.
Founded in 2020, Codesphere has already raised $26.5 million. Large language models (LLMs) can be more economically managed, and development team communication may be enhanced, thanks to this additional capital infusion that will enable the company to broaden the scope of its offerings. Tel.io, Gigabyte, Eurotours, L-Bank, and Arkane are among the companies using Codesphere.
With Codesphere, developers can program and scale sophisticated applications directly in the cloud, bypassing the conventional bottlenecks associated with containerization and DevOps. Further, this reduction in infrastructure expenses leads to a self-service development process.
Elias Schneider, CEO of Codesphere, stated:
“Our technology allows developers to focus 100% on feature creation, which increases efficiency and saves significant labor costs.”
Related Content: Software Asset Management: Xensam Raises €37M Leveraging AI
Codesphere can now provide its services to businesses in two ways: “on-prem” and “air-gapped.” This implies that businesses can host their applications on their servers, which is especially useful for essential infrastructure, and use their apps without an internet connection.
In response to a major price hike and license model shift by one of the biggest cloud providers in the world, VMware, multinational firms began to focus not on Silicon Valley but on Karlsruhe, home of Codesphere.
Schneider continued:
“We use the fresh funding to grow and improve our platform despite the present investing environment. Moreover, we want to compete with Google, Amazon, and Microsoft with Codesphere.”
Carl Fritjofsson, GP at Creandum, said:
“Codesphere is one of those amazing opportunities with almost unlimited upside. Further, it serves modern software organizations seeking scalability, older enterprises seeking affordable solutions to update their IT infrastructure and development processes, and individual hobbyist developers seeking speed and simplicity.”
