Cloud Development Platform Nitrous.IO Closes $6.65M Series A Round Led By Bessemer To Make Enterprise Push
March 18, 2014
Grazed from TechCrunch. Author: Frederic Lardinois.
Nitrous.IO, which offers developers a flexible and collaborative online development environment, today announced that it has closed a $6.65 million funding round led by Bessemer Venture Partners. The round also included participation from 500 Startups, CrunchFund, Eduardo Saverin, Golden Gate Ventures, Pershing Square Capital Management’s Bill Ackman, Viki.com CEO Razmig Hovaghi and Lion Rock Capital. (TechCrunch founder Michael Arrington is a partner at CrunchFund.)
The oversubscribed round includes almost everybody who also participated in the company’s $1 million seed round, with the exception of TIBCO Software and Draper Associates. “The development community brought cloud computing to the masses, and now Nitrous.IO returns the favor!” said David Cowan, partner at Bessemer Venture Partners. “As a (former) coder myself, I know how great it is for developers everywhere to reclaim the hours spent every week building, maintaining and debugging localhost. In fact, I expect that in coming years Nitrous.io will save billions of expensive manhours.”…
The Nitrous.IO team tells me the company plans to use the additional funding to scale out its engineering and marketing teams, but most importantly, it wants to start getting into the enterprise space, too. While the company also plans to expand its services for small startups and individual developers, it expects that, as larger companies open up to the cloud, they will also see the advantage of having their development environments available in the browser…
Read more from the source @ http://techcrunch.com/2014/03/18/cloud-development-platform-nitrous-io-closes-6-65m-series-a-round-led-by-bessemer/
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