Welcome!

News Feed Item

Nitrous.IO Raises $6.65M Series A Round Led by Bessemer Venture Partners to Supercharge Development Teams

Nitrous.IO Cuts Development Costs With Cloud-Based Collaborative Platform for Programmers

SAN FRANCISCO, CA -- (Marketwired) -- 03/18/14 -- Nitrous.IO closed a Series A round led by Bessemer Venture Partners (BVP) that will fund the expansion of the cloud-based developer platform that is quickly becoming the go-to solution for development teams seeking power, flexibility and speed.

Nitrous.IO draws its name from the racing world: Expert drivers add nitrous oxide to their engines to increase power and performance. Like racecar drivers, Software Developers are performance enthusiasts: they want to build applications quickly and effortlessly. With Nitrous.IO, developers can create PHP, Java, NodeJS, Python, Ruby and Go development environments in the cloud in just seconds. They can edit code via a browser-based Web IDE or from their favorite code editor. Teammates can code collaboratively in any modern web browser from anywhere in the world.

Nitrous.IO already counts Heroku, Hashrocket and over 100,000 developers from 4,000 organizations among its users. The platform has grown at over 50% month-over-month exclusively through word-of-mouth within the development community. During the first 7-months of public beta, Nitrous.IO has helped engineering departments save over 500,000 hours of development time -- a value of approximately $40M in cost savings to engineering organizations. As a testament to its value to the development community, Nitrous.IO was recently selected by Amazon Web Services (AWS) as one of only 11 recommended tools and platforms in their AWS Activate Program. Within this highly curated list of proven vendors, Nitrous.IO is the only platform for application development.

"Incredibly, the same developers who build wonderful cloud-based apps are themselves still chained to their local dev environments, which they must painstakingly debug and maintain," said Sunil Nagaraj, Vice President at Bessemer Venture Partners. "Bessemer is proud to have incubated what we believe to be the future of professional software development in the cloud."

Hashrocket, a leading web development consultancy with over 30 engineers, uses Nitrous.IO daily to improve its collaborative development workflow. Johnny Winn, a lead developer at Hashrocket, shares about his experience with the platform:

"Nitrous.IO provides the perfect platform for me to collaborate with talented engineers around the world. I can give an engineer access to my code in a few clicks. And within minutes we can solve a problem together on a real dev environment without making them download or learn any new tools. Nitrous.IO is like having a cell phone in the age of telegraph."

The Series A round was led by Bessemer Venture Partners and included 500 Startups, Crunchfund, Eduardo Saverin, Co-founder of Facebook, Golden Gate Ventures, Bill Ackman, founder and CEO of Pershing Square Capital Management, Larry Link, former SVP of Palo Alto Networks, Razmig Hovaghimian, CEO of Viki.com, and Hari Kumar of Lion Rock Capital. Sunil Nagaraj of Bessemer Venture Partners joins the board along with Andrew J. Solimine, CEO of Nitrous.IO.

About Nitrous.IO
Nitrous.IO provides powerful, fast, preconfigured development environments in the cloud that can be accessed anywhere from any modern web browser. Developers can create and start programming in a brand new PHP, Java, Node.JS, Python, Ruby or Go development environment -- in a matter of seconds -- from any modern browser or using their favorite local editors, while easily inviting collaborators worldwide to contribute using the individual tools they love combined with the convenience of cloud. Over 100,000 developers have created and shared development environments for professional, open-source, and personal projects using Nitrous.IO. Learn about product updates and announcements via Twitter @nitrousio.

About Bessemer Venture Partners
Bessemer Venture Partners (BVP) invests in early-stage, hyper-growth startups, partnering closely with entrepreneurs to build durable businesses. BVP is a global firm with offices in Menlo Park, Cambridge, New York, Mumbai, Bangalore, Herzliya and Sao Paolo. With $4 billion under management, BVP invests anywhere from $100,000 to $75 million in innovative companies like LinkedIn, Yelp, Skype, CornerstoneOnDemand, Pinterest, Box and Twilio. Over 100 BVP companies have gone public. Learn more at bvp.com and follow us on Twitter @BessemerVP

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, attendees learned about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how ...
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...
"At ROHA we develop an app called Catcha. It was developed after we spent a year meeting with, talking to, interacting with senior citizens watching them use their smartphones and talking to them about how they use their smartphones so we could get to know their smartphone behavior," explained Dave Woods, Chief Innovation Officer at ROHA, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
If you haven’t heard yet, CollabNet just put out some very big news for managing and gaining value from DevOps. We introduced CollabNet DevOps Lifecycle Manager (DLM) — a platform designed exclusively for providing a single pane of glass, dashboard, and traceability views across your DevOps toolchain and processes from planning to operations and that can be traced back to planning and development.
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
SYS-CON Events announced today that Fusion, a leading provider of cloud services, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Fusion, a leading provider of integrated cloud solutions to small, medium and large businesses, is the industry’s single source for the cloud. Fusion’s advanced, proprietary cloud service platform enables the integration of leading edge solutions in the cloud, including cloud...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...