Codezero Raises $3.5M in Seed Funding
March 12, 2024

Codezero announced a $3.5 million seed-funding round led by Ballistic Ventures, the venture capital firm dedicated exclusively to funding entrepreneurs and innovations in cybersecurity.

This investment marks a significant leap forward in Codezero's mission to reimagine multi-cloud, collaborative microservices development. Ballistic Ventures' investment adds to the support from its existing list of angel investors and advisors, including Thomas Dohmke (GitHub CEO), Nick Caldwell (Microsoft, HubSpot, and Peloton), Marty Weiner (Pinterest and Reddit), and James Routh (AMEX, CVS, KPMG, and JPMorgan Chase).

"Multi-cloud, microservices-based architectures have become essential for digital business transformation. However, developing microservices across disparate cloud environments can force tradeoffs between developer productivity and security. Codezero eliminates these tradeoffs," said Reed Clayton, Co-founder and CEO of Codezero. "Our mission is to empower DevOps teams with collaborative, multi-cloud infrastructure that prioritizes both security and developer productivity. As a cybersecurity-focused VC firm, Ballistic shares in this mission, and we're thrilled to be a part of their portfolio."

Codezero Teamspaces is an identity-aware overlay network. This means developers can instantly create environments consisting of services spanning local, cloud, and even their colleagues' computers. They can do this without needing to know anything about the underlying infrastructure, networking, or direct access to credentials. Unlike other approaches, Teamspaces provides a locally accessible ephemeral environment that is identical to production. As a result, developers are vastly more productive and can deliver higher-quality code faster. Teamspaces can span multiple cloud vendors and be accessible to developers across the globe safely and seamlessly.

"Our investment in Codezero fits squarely into two of our investment themes. The Codezero solution solves what is arguably the largest outstanding issue in the 'Shift-Left' security theme. It also brings a scalable and manageable 'Zero Trust' approach to the provisioning of developer access," said Roger Thornton, General Partner of Ballistic Ventures, who joins the Codezero Board of Directors as part of the firm's investment. "With their impressive team and technology, we're excited to have Codezero join the portfolio."

With the new capital, Codezero is set to grow its sales and marketing teams and expand its partner network. This move is strategic for the company's reach into enterprise DevOps and DevSecOps organizations, cloud-service providers, and cloud-migration specialists.

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