Codesphere funding news – Karlsruhe-based Codesphere Secures €16.5 million in Funding
May 17, 2024 | By Team SR
Codesphere, which enables developers to program and scale complex applications directly in the cloud, has secures €16.5 million in funding. The investment round was headed by Pan-European VC Creandum, with participation from current investors LEA Partners, Begin Capital, 42CAP, and 468.
SUMMARY
- Codesphere, which enables developers to program and scale complex applications directly in the cloud, has secures €16.5 million in funding.
- The investment round was headed by Pan-European VC Creandum, with participation from current investors LEA Partners, Begin Capital, 42CAP, and 468.
It was established in 2020 and has already raised $26.5 million. With this additional funding, the business will be able to broaden the range of services it offers and create fresh approaches to managing the cost-effectiveness of large language models (LLMs) and enhancing teamwork among development teams. Codesphere is being used by companies including Gigabyte, L-Bank, Tel.io, Arkane, and Eurotours.
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With Codesphere, developers can programme and scale complicated systems directly in the cloud, bypassing the conventional bottlenecks associated with containerisation and DevOps. As a result, infrastructure expenses are greatly reduced, and the development process becomes self-service.
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It is now able to provide its services to businesses in two ways: "on-prem" and "air-gapped." This implies that businesses may host their applications on their own servers, which is especially useful for essential infrastructure, and utilise their apps without an internet connection.
Carl Fritjofsson, GP at Creandum, commented: “Codesphere is one of those incredible opportunities with almost unlimited upside. It caters to traditional enterprises looking for cost-effective ways to modernize their IT stack and development processes, to modern software companies looking for scalability, as well as personal hobby developers in need of simplicity and speed.”
About Codesphere
Codesphere shortens time-to-market and lowers costs by turning deployment into a developer-centric self-service experience. By empowering developers to handle their own infrastructure needs from start to finish, it breaks down the wall. You may deploy anything on Codesphere, from straightforward frontends large production landscapes with many services and LLMs. includes managed services, replication, and zero configuration autoscaling.