A round of Series B funding led by investment firm GGV Capital has brought in $30M for Coder, an open source tools provider that aims to help software developers accelerate workflow through cloud-based development environments.
Austin-based Coder said Wednesday it will use the money to drive recruitment, product innovation and global expansion efforts.
In-Q-Tel, the intelligence community’s venture capital arm, participated in the financing round along with Redpoint Ventures and Uncork Capital.
Glenn Solomon, managing partner of GGV Capital, will join Coder’s board of directors as part of the transaction.
Redpoint Ventures previously led a Series A funding round that pulled in $8.5M for the software company, which says it now has $43M in total funds raised.
The startup built its enterprise technology platform to help organizations deploy, configure and protect development infrastructure in a public or private cloud.
Coder Enterprise allows software engineers to manage programming environments on any machine remotely or via a browser and access these through a standard network, allowing them to create source codes and process data sets while maintaining intellectual property within a secured network.
The company added it works with current and new clients to help them ensure productivity of their organizations’ developers amid the COVID-19 pandemic.
Ammar Bandukwala, John Andrew Entwistle and Kyle Carberry established Coder in 2017.