CloudBees, a San Jose, California-based enterprise DevOps platform, has raised $62m in growth funding.
The round was made up of $37m of equity and $25m of growth financing from Golub Capital’s Late Stage Lending business. The equity financing included participation from existing investors Matrix Partners, Lightspeed Ventures and Verizon Ventures, alongside new investors Delta-v Capital (lead), Golub Capital and Unusual Ventures. CloudBees previously raised $49.2m since its founding in 2010, bringing total funding to date over $110m.
In conjunction with the new funding, Dan Williams, partner at Delta-v Capital, will join CloudBees’ board of directors.
“In the few, short years since founding CloudBees, we have become the recognised DevOps leader. Global enterprises have rapidly adopted our DevOps suite due to its alignment with strategic business objectives and the enterprise-grade scale and governance demanded by today’s CIOs,” said Sacha Labourey, founder and CEO, CloudBees. “We see a world where businesses either deliver faster and continually improve or they fail. Thanks to this new funding, we are accelerating on our vision to become the ERP of IT and orchestrate the key processes that bring innovation through software to production.”
The company intends to use the funds to continue to innovate its software delivery suite, grow its strategic partnerships and accelerate its global business growth organically and through M&A.
CloudBees has created an end-to-end continuous software delivery system designed to accelerate software development. The CloudBees Suite builds on emerging DevOps practices and continuous integration (CI) and continuous delivery (CD) automation adding a layer of governance, visibility and insights necessary to achieve optimum efficiency and control new risks.
It used is used by 46 of Fortune 100 enterprises, including 3 of the Fortune 10. The company’s customers include Wolters Kluwer, Accenture, Capital One, ABN AMRO Bank, Temenos, ATB Financial, BNP Paribas, State of California Franchise Tax Board, and BNP Paribas, among others.
Stas Zvinyatskovsky, managing director at Accenture, added: “Companies are looking to DevOps to be the engine that enables business agility. At Accenture, we help our clients adopt DevOps across the enterprise and collaborate with alliance partners such as CloudBees to offer our clients industry-leading DevOps technology that helps roll out the improved business capabilities that have become essential in a digital environment.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
