- DEVELOPER RAYCAST 15M SERIES ACCEL COATUEMALIKTECHCRUNCH UPDATE
- DEVELOPER RAYCAST 15M SERIES ACCEL COATUEMALIKTECHCRUNCH SOFTWARE
Raycast was also backed by angel investors, including Johnny Boufarhat, CEO and creator of Hopin Jeff Weinstein, Product at Stripe Jason Warner, formerly CTO of GitHub and Ott Kaukver, CTO of and ex-CTO of Twilio.
DEVELOPER RAYCAST 15M SERIES ACCEL COATUEMALIKTECHCRUNCH SOFTWARE
Raycast's technology, established in 2020 by former Facebook software engineers Thomas Paul Mann with Petr Nikolaev, enables software developers to eliminate context switching, which occurs when a computer function is paused and then reaccessed. Raycast said that it would utilize the cash to "double down" on building its developer community and tools, as well as expanding the platform's availability to teams of developers. We’re delighted to continue supporting Thomas and Petr on their ambitious journey.Raycast, a developer program situated in London, has acquired $15 million (£11.2 million) in a Series A round, managed by Coatue as well as Accel. “This backs up our initial belief that Raycast has the potential to become an indispensable tool for developers, and we’re excited to see the team go even further with the launch of the API and Store and expansion to teams.
"Since leading Raycast’s seed investment, we’ve been impressed with the growth and traction Raycast has seen in the developer community," Andrei Brasoveanu, a partner at Accel, said in a statement. The round was led by Accel, with participation from YC, Jeff Morris Jr.’s Chapter One fund, as well as angel investors Charlie Cheever, Calvin French-Owen and Manik Gupta. Raycast's Series A funding follows the company's $2.7 million seed round from October 2020. This helps them stay productive as a team and saves them time on the busywork they usually have."
"If they have an internal tool that makes themselves more productive with the custom setup they have, they can share that with their team members so they can benefit from it as well. "Teams can now build extensions and share them privately with their team members," Mann said. Users will be able to create their own internal store, where they can build and distribute custom extensions and links specific to the needs of their teams. Starting today, companies will be able to sign up for a program to get access to new team features. Although the company will remain heavily focused on individual developers, Raycast sees potential in making it easy to share productivity tools and workflows with others.
Raycast plans to use the funding to build its community of developers and tools, accelerate growth on the platform, and bring Raycast to teams. We want to make this platform universally accessible to everyone so that they can build the tools they want to have," he said. We will use the funding to scale our team further up. The team currently consists of 12 members, with more people expected to join by the end of the year.Īs for the new funding, Mann said Raycast wants to become the leader in developer productivity. In terms of growth, Raycast says that in just 12 months, it has increased its daily active user base from 130 in October 2020 to over 11,000 to date, with more than 20 million actions performed on the platform in that time. The software is essentially a developer-focused version of Apple’s Spotlight search, which aims to help software engineers navigate all the parts of their job that aren’t development work using a single tool. Users can easily create and re-modify issues in Jira, merge pull requests in GitHub and find documents. The desktop software takes a note from peers like Superhuman and Command E, allowing users to quickly pull up and modify data with keyboard shortcuts. The platform enables the automation of day-to-day processes and allows developers to focus on important tasks.
DEVELOPER RAYCAST 15M SERIES ACCEL COATUEMALIKTECHCRUNCH UPDATE
Raycast aims to make it easier for developers to find and update information with its command-line-inspired interface.
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