Zurich-based Namespace has raised US$42 million in a Series B round led by Scale Venture Partners.
The company will use the funds to speed up product development and expand the compute infrastructure behind its services for software engineering teams.
Other investors in the round include 20VC, NEA, Essence, Burst Capital and Datadog CEO Olivier Pomel.
Namespace provides compute and development services aimed at shortening software build and test times.
According to the company, teams using these services can build and test code two to ten times faster than with traditional methods.
Through the planned expansion, the company aims to make its services faster and more efficient for clients.
“This funding will allow us to enhance our product offerings and expand our compute stack,”
said Hugo Santos, Founder and CEO of Namespace.
Featured image: Edited by Fintech News Switzerland, based on image by Namespace via its website and kensing via Magnific.
