XebiaLabs lands over $100m in Series B

XebiaLabs, a provider of enterprise DevOps and continuous delivery software, has raised over $100m in Series B funding.

The investors in the round included Susquehanna Growth Equity and Accel. As part of the deal, Martin Angert, director at Susquehanna Growth Equity, and Arun Mathew, partner at Accel, will join the company’s board of directors.

XebiaLabs, which also announced that it has completed 2017 with 117% growth in new business, develops enterprise-scale continuous delivery and DevOps software, providing companies with the visibility, automation, and control they need to deliver software faster and with less risk.

Martin Angert, director at Susquehanna Growth Equity, said: “XebiaLabs has a deep understanding of the challenges specific to enterprise software delivery. Our investment, together with the recent release of XL Impact, will further extend XebiaLabs’ lead as the gold standard for enterprise DevOps.”

With the majority of companies now relying on software in every part of their business to compete, their success depends on their ability to deliver software quickly, safely, and effectively. Financial services companies have some of the most complex and stringent software development processes in the world.

XebiaLabs helps the world’s leading financial institutions deliver software. Its solution enables financial service organisations to improve software quality, reduce risk, and respond to customer needs more quickly, all while meeting industry requirements for governance, compliance, and security according to its website.

Its client roster includes RaboBank, Societe Generale, ING, Natixis, Ameritrade, Lincoln Financial Group, Banque Populaire, AIG, Bank of America, Toyota, Alliance, Davita Healthcare, TD Bank, Scotiabank, Raiffeisenbank, Anthem, and PayChex, among others.

KeyBank, a financial services institution headquartered in Cleveland, Ohio, with over 20,000 employees, also uses XebiaLabs and its DevOps platform. John Rzeszotarski, SVP, director of continuous delivery and feedback at KeyBank said, “a large and complex organization like KeyBank with several hundred applications requires security, governance, and traceability for all its application releases. Moreover, organizations that are striving to remove bottlenecks and meet the speed of the business need a powerful and simple means to execute each release. XebiaLabs has provided us a platform that can automate even our most complex software applications quickly and reliably.”

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