Codesphere, which enables developers to program and scale complex applications directly in the cloud, has secured €16.5 million in funding. Pan-European VC Creandum led the investment round with existing investors including LEA Partners, Begin Capital, 42CAP and 468 also participating.
Founded in 2020, Codesphere has now 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. Organizations leveraging Codesphere include L-Bank, Tel.io, Arkane, Gigabyte and Eurotours.
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,” said 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.
“Despite the current investment landscape, we use the new financing to expand and further develop our platform. Our goal with Codesphere is to play in the league of Microsoft, AWS and Google,” added Schneider.
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.”
