Developer tool Raycast launches alongside £11.3m Series A
Summary
A platform which provides developers with quick access to their tools has raised £11.3 million in Series A funding and announced the public launch of its API and store. Raycast was founded in 2020 by former Facebook software engineers Thomas Paul Mann (CEO) and Petr Nikolaev (CTO), who wanted to recover the time developers lose every day due to continuous context-switching between different SaaS tools. In just 12 months, the tool has quickly gained traction and grown its daily active user base from 130 in October 2020 to over 11,000, with more than 20 million actions performed on the platform in that time. “It’s always been our goal to create a platform and developer community based around productivity; and with today’s funding and the public launch of our API and store, we believe we’re well on our way to achieving that. 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.”