RhodeCode, a Berlin, Germany and San Francisco, CA, USA-based enterprise software file versioning and collaboration solution provider, closed a $3.5m funding round.
The company intends to use the funds for near-term hiring to accelerate its penetration into the $21 billion application lifecycle management market.
Led by Marcin Kuzminski, CTO and co-founder, and Sebastian Kreutzberger, CEO, RhodeCode provides an enterprise-grade code collaboration platform, which enables companies to build software through teamwork, workflows, and enhanced visibility; all within their data centers. Its flagship product, RhodeCode Enterprise, is used by more than 10,000 customers including the US Navy, Raytheon, US Department of Energy, CA Technologies, Cisco, global financial institutions, national laboratories, top universities, and others, in 80 countries.
The company reported record revenues in the 3rd quarter ending September 30th , with sales up 95% over the previous quarter.