Namespace, which provides cloud services and infrastructure for developers, raised a $42M Series B led by Scale and says it has 1,000+ customers (Chris Metinko/Axios)
Namespace, developer infrastructure company and specialized cloud provider, raised a $42 million Series B led by Scale Venture Partners, CEO Hugo Santos tells Axios Pro exclusively.
Zurich-based Namespace, a developer platform providing fast coding, build, and test environments on Mac, Windows, and Linux, announced a €37 million Series B round. Led by Scale Venture Partners, the investment brings total funding to €58 million ($65 million). The funding aims to accelerate product development and expand data centers.
Founded by former Google Principal Engineer Hugo Santos, Namespace's vision is to provide developers with better tools and infrastructure. The company's growth has been impressive, with total revenue increasing eightfold over the past year. Namespace works with over 1,000 organizations, including SpaceXAI, Ramp, Framer, ElevenLabs, Vanta, Bilt, and Sierra.
With the new funding, Namespace plans to expand its data center locations and open offices in San Francisco and New York City.
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