500 Emerging Europe, an existing investor, also participated in the investment round led by Upfront Ventures.
Daytona, a development environment management platform, announced that it has received $5 million in seed investment. 500 Emerging Europe, one of the existing investors, also participated in the investment round led by Upfront Ventures.
We had previously reported that Daytona received an investment of 2 million dollars in November 2023 in a round in which 500 Emerging Europe participated. The startup’s investment amount reached 7 million dollars with this new investment. The startup will use the new investment in product development and recruitment. Daytona plans to hire new candidates for marketing, sales, and engineering roles.
Daytona first emerged as a solution designed specifically for large organizations. The startup enables its developers to automate tasks and enable teamwork. Recently, Daytona has open-sourced key components of its enterprise platform to support individual developers with the same development experience. This allows any developer to create a fully functioning environment with a single “Daytona create” command.
Highlights of the startup
Daytona, which introduced its enterprise developer solution in late 2023, has since nearly doubled its annual recurring revenue. The startup has also created an open-source version for individual developers. The release has received so much attention that it has amassed over 5,000 GitHub stars since its inception two months ago. The open-source release is regularly on the list of top-starred repositories.
