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DevZero
DevZero is a developer platform for remote software development
About DevZero
DevZero provides a platform for cloud-based development environments, targeting engineering teams in businesses of all sizes, from startups to large enterprises. The company was founded in 2021 by former Uber and Meta engineers, Debo Ray and Rob Fletcher. Ray, the CEO, previously founded an image-searching company called Genie and later spent nearly six years as a staff engineer at Uber, focusing on infrastructure and cloud security. Fletcher, the COO, has a background in leading security and engineering teams at tech organizations including Uber and Meta. Their collective experience in building and managing complex development tools at large tech companies inspired the creation of DevZero, aiming to democratize access to similar high-level tooling for the broader market.
The company addresses the inefficiency and productivity loss developers face when working with local development environments, which are often resource-constrained and differ significantly from production environments. DevZero's core service offers on-demand, ephemeral, and ready-to-code development environments that mirror production. This allows developers to build, share, and test code in an environment that is consistent and scalable, which can significantly speed up onboarding and development cycles. The platform supports various architectures, including containers, virtual machines, Kubernetes, and serverless, and integrates with developers' preferred local IDEs via a command-line interface. By moving the development environment to the cloud, DevZero helps companies reduce infrastructure spending and improve security by standardizing tooling across the organization. The business model appears to be subscription-based, with pricing starting at a per-user, per-month fee, and it offers both a fully hosted SaaS option and a self-hosted deployment on a customer's own cloud.
A key feature of DevZero's platform is its use of microVMs for Kubernetes cost optimization, which involves live rightsizing of CPU and memory, intelligent instance selection, and adaptive scaling without requiring application changes. This helps teams increase node utilization and reduce cloud costs by eliminating overprovisioning. DevZero announced a combined $26 million in Seed and Series A funding in January 2023. The seed round was led by Foundation Capital, and the Series A was led by Anthos Capital, with participation from investors like Madrona Venture Group and Fika Ventures. The company has office hubs in Seattle and San Francisco and also supports remote team members.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES A✓Equity / VC | Jan 2023 | $21M | $84M | Foundation Capital · Madrona Venture Group · Anthos Capital · Fika Ventures | ↗ |
| SEED✓Equity / VC | Jan 2022 | $21M | $82M | Essence Venture Capital | — |
Growth signals
Latest recorded traffic for DevZero is 21K monthly website visits, up 50% over the last three months. DevZero's team declined 8% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed4 investors entered at this stage
Madrona Venture Group
Foundation Capital
Fika Ventures
Essence Venture Capital
Series A1 investor entered at this stage
Anthos Capital
Other known investors1 additional known investor
Andrew Peterson
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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