RALEIGH – CloudBees, an enterprise DevOps firm has closed on $62 million in growth funding. The funding round was made up of $37 million of equity led by Delta-v Capital and $25 million of growth financing from Golub Capital’s Late Stage Lending business.
The new equity financing included strong participation from existing investors Matrix Partners, Lightspeed Ventures and Verizon Ventures, alongside new investors Delta-v Capital, Golub Capital and Unusual Ventures.
CloudBees previously raised $49.2 million since its founding in 2010, bringing total funding to date over $100 million. With the new funding, CloudBees says it will continue to innovate its modern software delivery suite, grow its strategic partnerships and accelerate its global business growth organically and through M&A. DevOps is a $3.58 billion market.
Cloudbees is the hub for Jenkins, an open source automation servicer that accelerates the software development process.
Seeing rapid growth
Cloudbees, which has offices in San Jose, Calif., Richmond, Va., Switzerland and London as well as Raleigh, added 100 new employees in the first six months of 2018. It has posted 77 percent year-over-year growth this year and recently acquired Codeship. It was founded by CEO Sacha Labourey, former CTO of JBoss, which was acquired by Red Hat in 2007. He was general manager of Red Hat’s middleware division until 2009.
“Today, virtually every company is using software to continuously improve its products and business,” said Matt Parson, chief financial officer, in a statement. “The DevOps market is exploding as the transformation to a global continuous economy emerges. We have seen significant growth in our business over the last several years, but we now see an even bigger opportunity just in front of us as continuous software delivery becomes a strategic imperative for every business.”
CloudBees says it has taken a radically different approach to solving this problem by creating the world’s first end-to-end continuous software delivery system designed to accelerate software development and delivery while minimizing risk. Its clients include 46 Fortune 100 enterprises and its partners are a roster of tech giants, including Microsoft, Red Hat, Google and Amazon.
For a video explanation of Jenkins, see:
