Observed Signal · May 17, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Codesphere Raises $18M Series A from Creandum
Codesphere, a Germany-based software provider that lets developers customize existing cloud services, has raised an $18M Series A round from Creandum. The company, founded by former Google developers, has now raised $26.5M in total from Creandum, 468, 42CAP, and individual investors. The funding will support expansion of its services, including cost efficiency when using large language models and improved developer collaboration. Codesphere recently introduced air-gapped and on-premises deployment options for critical infrastructure. Its customers include Staatsbank Baden-Württemberg (L-Bank), Tel.io, Arkane, Gigabyte, and Eurotours. The investment reflects growing interest in cost-effective cloud and developer infrastructure alternatives.
The funding is relevant to tech infrastructure and LLM cost optimization, but it is not a major AdTech/MarTech-specific event.
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Key Takeaways & Evidence Grounding
- Codesphere raised $18 million in Series A funding from Creandum.
- Codesphere has previously secured $26.5 million from Creandum, 468, 42CAP, and individual investors.
- Codesphere is headquartered in Germany and was founded by former Google developers.
- Codesphere now offers air-gapped and on-premises deployment options.
- Customers include Staatsbank Baden-Württemberg (L-Bank), Tel.io, Arkane, Gigabyte, and Eurotours.
Connected Companies & Entities
7 Entities mapped“Codesphere, a software provider that allows developers to customise existing cloud services, has raised an $18M Series A round from Creandum...”
“Codesphere’s teams, headquartered in Germany, is comprised of former Google developers and has already secured $26.5 million in investment f...”
“Codesphere’s teams, headquartered in Germany, is comprised of former Google developers......”
“...individuals including Ben Uretsky (Digital Ocean), Auke van Urk (Valtech), Ewa Treitz (AWS) and Dion Almaer (Google Cloud)....”
“...individuals including Ben Uretsky (Digital Ocean), Auke van Urk (Valtech), Ewa Treitz (AWS) and Dion Almaer (Google Cloud)....”
“...individuals including Ben Uretsky (Digital Ocean), Auke van Urk (Valtech), Ewa Treitz (AWS) and Dion Almaer (Google Cloud)....”
Ontology Mapping & Concepts
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