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The application lifecycle management firm RhodeCode has scored $3.5 million in funding from DFJ Esprit and Earlybird Venture Capital to expand its team and prepare for a major new version.
Berlin-based RhodeCode is an interesting beast. It started off as a fairly straightforward source code management platform to rival GitHub and so on, but it discovered that its customers were largely big enterprises that have no intention of storing their valuable code in the public cloud. So RhodeCode ditched its software-as-a-service version and decided to focus on its behind-the-firewall RhodeCode Enterprise product instead.
It’s not hard to see why RhodeCode’s customers weren’t keen on the public cloud – we’re talking the likes of the U.S. Navy and Department of Energy, arms merchants Raytheon, and some very big banks.
CEO Sebastian Kreuzberger (pictured above, with co-founder Marcin Kuzminski on the left) told me that RhodeCode’s popularity among large enterprises was also…
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