The Estonian startup is also looking to hire about 40 employees to expand its Boston operations
Estonian startup ZeroTurnaround, a java programming company, recently received $3 million in new funding, adding to another $2.7 million it raised earlier this year.
According to recent reports, Western Technology Investment, which has previously invested in Google and Facebook, is providing the new funding. Mitt Romney’s Bain Capital Ventures provided the previous round in January. ZeroTurnaround is also looking to hire about 40 employees in Boston to add to its team of 90 worldwide.
Rebelling against server maintenance standards
ZeroTurnaround is the creator of java development productivity tools. It has two main products, JRebel and LiveRebel, which make java programming more efficient. JRebel allows developers to instantly view code changes without rebooting, while LiveRebel allows programmers to eliminate server downtime during live-app updates. The company says its products can save programmers one work month per year.
The company was founded in 2007 and opened an office in Boston in 2011, when Bain Capital first purchased a stake in the company by buying out ZeroTurnaround’s Estonian angel investors. The angel investors reportedly invested $100,000 in the company.
The company also has a branch in Prague, Czech Republic. ZeroTurnaround has roughly 3,500 customers worldwide.
ZeroTurnaround acquired a Denmark-based competitor called Javeleon last March. Javeleon was founded in 2012 also to increase developer productivity for java coding.