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DAYTONA SECURES $5M TO SIMPLIFY DEVELOPMENT ENVIRONMENTS

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One of the Year's Most Successful Open Source Launches Receives Strong Vote of Confidence from the Developer Community

NEW YORK, June 25, 2024-- Daytona, an open source development environment manager, announces today that it has secured $5 million in seed funding to fuel its mission of democratizing development for developers globally. Led by Upfront Ventures with participation from existing investor 500 EE, this new infusion of capital will enable Daytona to accelerate the expansion of streamlined development environments to developers worldwide. The company will use the funds for product development and hiring for new marketing, sales and engineering roles.

Since introducing its enterprise developer solution in late 2023, Daytona has nearly doubled its ARR. The company also created an open source version geared toward individual developers that has garnered immense interest, amassing over 5,000 GitHub stars since its inception two months ago and consistently featuring on the most-starred repository list, demonstrating strong demand.

Daytona initially emerged as a solution tailored for large enterprises, enabling their developers to automate tasks, collaborate effortlessly, and enhance productivity albeit while adherent to enterprise security needs. Recognizing the importance of extending these benefits beyond large organizations, it has open sourced key components of its enterprise platform to empower the individual developers with the same streamlined development experience. One persistent challenge in the developer community is the "works on my machine problem," where inconsistent development environments lead to significant productivity losses. According to IEEE Journal, developers lose 56% of their productive time due to inefficient environments. Daytona addresses this issue head-on by allowing any developer to create a fully working environment with a single command, "daytona create."

"Our goal is to make every developer more productive, while lowering the barrier to entry for newcomers by removing unnecessary complexities. Today, setting up a dev environment can feel like starting a car in the 1900s with many steps and points of failure," said Ivan Burazin, co-founder and CEO of Daytona. "Daytona makes it as simple as starting a modern car today where you can just push a button and go. We help developers focus on what really matters to them, which is writing code and building innovative solutions."

"We're thrilled to support the Daytona team on their mission to simplify development environments," said Kevin Zhang, Partner at Upfront Ventures and new board member at Daytona. "The most forward thinking companies in the world have landed on cloud developer environments as a way of achieving a uniform developer environment for their teams. The Daytona founders have been working towards this since they created one of the first cloud IDEs over a decade ago. Their subject matter expertise and passion uniquely positions them to build a beloved developer experience that also satisfies even the strongest security requirements."

For more information about Daytona or to try it today, visit https://www.daytona.io.

About Daytona

Based in NY but fully distributed globally, Daytona is an open source development environment manager. Daytona simplifies the process of creating standard and secure environments, automates environment setups on branches, and shares environments seamlessly. It also integrates with your IDE or Git provider, adhering to standards such as Development Container, Devfile, Nix and others. The company has raised a total of $7M million from Upfront Ventures, 500 Global, and also founders of Postman, Netlify, Supabase among others.

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