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Koding Raises $2M From Greycroft, RTP

Koding said it raised $2 million in Series A funding in a round led by RTP Ventures, and Greycroft Partners. The San Francisco company has a cloud-based software development environment.



Cloud-Based Software Development Platform Company Announces Series A Funding Led by RTP Ventures & Greycroft

SAN FRANCISCO, CALIF. – March 6, 2012 – Koding, a cloud development environment and collaboration platform for developers, officially announced it has raised $2 million in Series A funding, led by notable investors RTP Ventures, and Greycroft Partners. With Koding, developers now have a single platform that eliminates the set-up hassles, time and costs associated with developing applications.

“The Koding mission is to give back to the developer community and improve the way people develop software,” said Devrim Yasar, co-founder and CEO of Koding. “For us developers, the most important thing is to get started on any project quickly without being slowed down by setup and configuration. We’re excited to create an open platform that will provide a free development environment to anybody in the world, removing as many barriers as possible.”

The development process can be a long and labor-intensive task for even the most experienced developer. The current process of developing and running Web applications is tedious and involves a number of prohibitive steps that include knowing what localhost is and dealing with its problems while trying to get simplest of app running, unzip it, ftp it back to your server, database configurations, user permissions, Web server settings, git setup, dealing with the hassles of hosting companies, and the costs of code editors. Koding simplifies all this by providing a quick and simple place where developers can access everything they need to complete a project.

“Koding’s holistic approach is unique and compliments the tools developers are already familiar with,” said Jason Hoffman, CTO of Joyent.  “In taking this to the cloud, Koding is removing the need to configure localhost, upload, download, set up servers and more importantly, eliminates the set up hassles, time and costs associated with writing and running the most common types of code and Web stacks.”

At the core of Koding is a cloud-based software development platform that lets developers code from anywhere on any device with a browser. Users can try new programming languages and platforms without the setup and configuration of new tools, and easily find and collaborate with other developers.

•    Code editing is done through a browser and not on a development stack on a developer’s local machine. In just a few steps, developers are coding.
•    Source code and development server are all hosted, so developers don’t need a specific machine to be coding.
•    Koding is preconfigured and automatically provisioned with a free development server that runs ruby, python, php, perl, & node.js.
•    Development MySQL and MongoDB servers are provided free to all users
•    Developers can collaborate with their peers, build a team and easily share applications and code with the community
•    Integration with popular version control systems like Git & SVN.

“With Koding, we’re preparing tomorrow’s work environment where your physical location on the planet won’t matter, you won’t need to pay for software, and you are only judged by the value you bring to the project, not the amount of hours you put in,” said Yasar.

About Koding
Koding is a developer community and cloud development environment where developers come together and code in the browser– with a real development server to run their code. Developers can work, collaborate, write and run apps without jumping through hoops and spending unnecessary money.

Koding is headquartered in the Mission District of San Francisco, CA, and is backed by investment firms RTP Ventures, Greycroft Partners and angel investors, such as Demian Sellfors Founder of (mt) Ventures, CEO of Media Temple, Bob Pasker CTO-in-Residence at Accel Partners, Roger Krakoff CEO CloudCapital,  ex-Googler Rich Chen, Nihal Mehta CEO of Localresponse. Koding’s community is currently at over 40,000 developers and growing at a rate of 3000+ developer sign ups a month. For more information, please visit