German startup Codesphere has secured $18 million in Series A funding. The round was led by Creandum, with existing investors including LEA Partners, Begin Capital, 42CAP and 468 Capital also participating.
Codesphere enables developers to program and scale complex applications directly in the cloud without the traditional challenges of DevOps and containerization. This leads to a significant reduction in infrastructure costs and makes the development process self-service.
“Our technology allows developers to focus 100% on feature creation, which not only increases efficiency but also saves significant labor costs,” says Elias Schneider, CEO of Codesphere.
Codesphere recently started offering its services “air-gapped” and “on-prem” for companies, which means companies can use their applications without an internet connection and have the option of hosting on their own servers, particularly important for critical infrastructure.
When VMware, one of the world’s largest cloud providers, changed its license model at the beginning of the year and significantly increased its prices, international companies turned their attention not to Silicon Valley but to Karlsruhe where Codesphere is based.
One of Codesphere’s new customers is Staatsbank Baden-Württemberg (L-Bank). Nino Messaoud, CIO of L-Bank, commented on the collaboration: “Codesphere’s integration is part of our transformation strategy, accelerating our goal to become the most digital development bank in Europe.” Other customers include Tel.io, Arkane, Gigabyte and Eurotours.
Founded in 2020, Codesphere has raised $26.5 million to date. This new capital injection will allow the company to expand its services further, including developing new solutions to manage the cost efficiency of large language models (LLMs) and improve collaboration within development teams.