Monday, December 7, 2015

Can You Break the Code$hip?

"Codeship raises another $1.5 million; Boston software startup gets boost from early investors" by Dan Adams Globe Correspondent  December 04, 2015

Codeship, a Boston startup that helps software companies quickly update their applications, has raised $1.5 million in a new funding round, the company said Thursday.

The investment came mostly from earlier investors Sigma Prime Ventures, Boston Seed Capital, and F-Prime Capital. The company has now raised a total of $4.4 million.

“Based on our tremendous growth, we are encouraged to continue delivering the best solutions to our customers,” said Moritz Plassnig, Codeship’s chief executive. “This new funding helps us to invest more in improving their technology. By refining our products and beefing up operations, Codeship can scale more quickly and better support large companies with their DevOps needs.”

Plassnig founded Codeship in Vienna in 2011. The company made the leap to Boston in 2013 to participate in the TechStars startup accelerator, and because most of its customers were in the United States.

The company says around 20,000 developers use the Codeship platform, which automates the often tedious process of testing and releasing updates to software apps. The system puts the latest versions into the hands of users sooner.

Many large software firms can only release updates occasionally, which puts them at a disadvantage when competing against smaller companies. Codeship enables companies to update their products continuously.