Cloud-Based Code Editor Codeanywhere Raises $600k In Series A Funding

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Cloud-based Code Editor Koding has raised $9.25 million so far, while other similar businesses like Cloud9 IDE have appeared in recent years. However, Codeanywhere, one of the biggest players in the cloud development space has now reached 150,000 users and raised $600,000 in a Series A investment capital from World Wide Web Hosting, LLC, the parent company of Site5 Web hosting. The cash will be used to focus on scalability, user acquisition, and the development of new features. Importantly, it can build in a more capitally efficient manner than the SF-based Koding.

Formerly called PHPanywhere, Codeanywhere wants to be the equivalent of “Google Docs for developers”, offering a Web-based code editor. The technology allows developers to develop sites and apps as they would on their desktop code editor, but from any browser. The Code is then backed up to the cloud in real-time.

Ivan Burazin, co-founder of Codeanywhere, says the aim to so “become the industry-standard in cloud development.”

Codeanywhere’s platform enables developers to write colorized, syntax-checked code from virtually any Web browser on virtually any device, including iOS, Android, Windows 8 and Blackberry. It offers support for most popular web programming languages, and enables developers to collaborate in real-time.

Ben Welch-Bolen, founder of Site5, says they were attracted to the business because of the “talent and cohesion of its core team.”

The Croatia-based Codeanywhere offers both free and premium versions. The premium version is currently priced at $5 per month, and a new premium team version will be available soon.