The Singapore web development platform raised Series A financing that it will use to grow its team and continue with R&D efforts
Singapore-based startup Nitrous.IO received $6.65 million in Series A financing led by Bessemer Venture Partners in order hire more engineers and developers to build its web development software. CrunchFund, 500 Startups, Eduardo Saverin, Larry Link, Bill Ackman and Razmig Hovaghimian are also participating in the funding, which was announced March 18. On its blog, Nitrous.IO said the funding will help it build its product design team and that it has some big announcements coming in April and May.
Coding on the cloud
Nitrous.IO was founded in 2012 by Arun Thampi, Peter Jihoon Kim and AJ Solimine. With offices in Singapore and Menlo Park, Calif., the company’s provides ways to set up development environments and code in the cloud. The platform is meant to make setting up development environments easy and fast and allows collaborators to work together.
Nitrous.IO said more than 10,000 registered developers from 4,000 engineering organizations have used their technology since it launched in beta seven months ago. Heroku, Hashrocket and Balanced Payments are organizations that use Nitrous.IO to collaborate on code. Nitrous.IO estimated that at least three million files have been edited on their platform and that developers have saved more than 500,000 hours in setup and configuration.