These users have performed over 20 million actions on the platform.Īndrei Brasoveanu, partner at Accel, said: “Since leading Raycast’s seed investment, we’ve been impressed with the growth and traction Raycast has seen in the developer community. Over the past 12 months, Raycast has grown its daily active user base to over 11,000 from 130 in October last year. “We’re also incredibly excited to, for the first time, grant early access to our new team features, and we hope it can make building and distributing internal tools even easier for businesses as well as individuals,” said Raycast CEO Thomas Paul Mann said. Raycast also received backing from angel investors such as Johnny Boufarhat, CEO and founder of Hopin Jeff Weinstein, Product at Stripe Jason Warner, former CTO of GitHub Ott Kaukver, CTO of and ex-CTO of Twilio, among others.
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Raycast said it will use the proceeds of the funding round to “double down” on growing its developer community and tools and make the platform available to teams of developers.įounded in 2020 by former Facebook software engineers Thomas Paul Mann and Petr Nikolaev, Raycast’s platform provides software developers with tools to reduce context switching, when a computer process is suspended and reaccessed later. London-based developer platform Raycast has raised $15m (£11.2m) in a Series A funding round led by Coatue and Accel. įollow us on Facebook Follow us on Twitter Follow us on LinkedIn See us on YouTube
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Find out what they have learned and the mistakes they have made along the way. Founder Interviews Read our interviews with inspiring tech company founders.Funding Advice from our experts on everything you need to know about raising funding, whether you are trying to secure investment from a bank, an Angel or a VC.Products such as Raycast, which offer a beautifully simple way of interacting with your entire application suite, could play an important role in shaping that landscape. Developer or not, everyone’s working life is going to involve more and more software tools in the future. While focused for the time being on developers, their fundamental insight – that people need a better way to manage the growing roster of software we all use at work – is one with a wide relevance for all users. The clarity of their vision and early evidence of execution shone through in our remote-only conversations and convinced us they’re a team we’d love to back. While first-time founders, they’re also a proven team who’ve demonstrated their ability to drive product adoption at Facebook, where they helped build a 100,000-strong developer community around their work with Spark AR. Importantly, it doesn’t seek to replace existing systems, instead acting as a productivity add-on that helps developers work better with the software tools they have.Ĭo-founders Thomas and Petr, both former Facebook engineers, have a clear product vision and a compelling design approach. Raycast reduces the time developers spend on non-coding tasks, estimated to take up to 50% of an average day. Raycast directly addresses a problem that was begging to be solved – the growing burden on developer time, one of the most valuable resources of any company. Without leaving Raycast a developer can, for example, create an issue in Jira, review pull requests in GitHub, or join a Zoom call. It provides one-stop access to the growing suite of developer tools as well as the functionality to use and integrate these services more intelligently. Through a delightful command line interface, Raycast provides the search functionality of macOS Spotlight, paired with deep API connections that allow developers to work seamlessly across different platforms, develop custom integrations, and automate their workflows. This is where we believe Raycast, a young company we’re backing out of Y Combinator, can make an important difference.
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