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Investment  19, Mar 2014

Nitrous.IO seals US$6.65M to scale and target enterprises

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A bigger team, more product announcements and wait, the enterprise space? What will Nitrous.IO be doing in 2014?

With US$6.65 million in its pocket, formerly Singapore-based and now US-based technology startup Nitrous.IO announced last night that it will hire more platform and full stack engineers and developer evangelists, and build a product design team. In addition, it move into the enterprise space.

The funds were raised in a Series A round led by US-based Bessemer Venture Partners, with participating from CrunchFund, 500 Startups, Eduardo Saverin (Co-founder of Facebook), Larry Link, Bill Ackman, and Razmig Hovaghimian (CEO of Viki).

Nitrous.IO helps developers who use programming languages like Ruby, Python, Node.js to build web applications and check if everything on the app looks spiffy before it goes live. It also allows them to work anywhere with a web-based editor, share workspaces, and collaborate via the cloud. This means that anyone can seek out technical help from a friend or co-worker by sending them the exact same environment, which makes it easier to debug apps.

Formerly known as Action.IO, the startup had secured US$1 million in seed funding from Bessemer Venture Partners, Draper Associates, CrunchFund, 500 Startups, Golden Gate Ventures, Eduardo Saverin, TIBCO Software, and Prosper Nwankpa (Co-founder of Peanut Labs). The investments also facilitated a name change to Nitrous.IO last April.

Read Also: 5 technology trends that will shape 2014

On its company blog, Nitrous.IO wrote, “Sunil Nagaraj and David Cowan at Bessemer have been our biggest supporters since day one. They are convinced that not only software development will move entirely to the cloud, but also that the Nitrous.IO team is best-suited to achieve that vision.”

In the move towards finding enterprise customers, Sandeep Chivukula, Business Development, Nitrous.IO told The Next Web:

“We are taking the tools that people already know how to use, and we’re taking the repetitive and boring parts and automating them. Nobody wants to set up the language over and over again just because they have a new project. Any engineer and organisation wants to finish their project and ship that code, right? It’s a very nice fit with what enterprises are trying to do, which is deliver products for their customers. We take out all of the boring pieces so you can focus on what matters to you.”

Started in 2012, Nitrous.IO only launched its public beta seven months ago. It claims to see over 100,000 registered developers from more than 4,000 engineering organisations on the platform. In addition, code has been edited in over three million files on Nitrous.IO, and there is a total of 500,000 hours saved in setup and configuration costs.

Elaine Huang

Elaine Huang

Elaine is a fervent believer that if there ever is a zombie apocalypse, we will all be snapping away at them with our phones and posting them onto Instagram. A Mass Communication graduate of Ngee Ann Polytechnic's School of Film and Media Studies, she enjoys writing about technology and entrepreneurs. When not hashtagging her way through all sorts of trouble, Elaine is probably contemplating how to write in the third person.

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