CloudBees Raises $62 Million in Growth Funding

Cloudbees, the enterprise DevOps leader, today announced it has successfully closed $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 Venture and Verizon Ventures, alongside new investors Delta-v Capital, Golub Capital and Unusual Ventures. CloudBees has previously raised $49.2 million since its founding in 2010, bringing total funding to date over $100 million. With the new funding, CloudBees will continue to innovate its modern software delivery suite, grow its strategic partnerships and accelerate its global business growth organically and through M&A.

Swiss office in Neuchâtel
Cloudbees is headquartered in San Jose however the company has close ties to Switzerland. CEO and founder Sacha Labourey who was born in Neuchâtel still lives there. In Neuchâtel is also a Cloudbees office with 25 people who responsible for worldwide finance plus a few engineers. In Neuchâtel is also the registered headquarter of Cloudbees International.

CloudBees is powering the continuous economy by building the world’s first end-to-end system for automating software delivery, the CloudBees Suite. 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.

46 of Fortune 100 enterprises, including 3 of the Fortune 10, use the CloudBees Suite to transform their businesses for the continuous economy. CloudBees has demonstrated strong market momentum including: 77 percent YoY growth in FY 2018 and 100 new employees added in the first six months of 2018.

“In the few, short years since founding CloudBees, we have become the recognized 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.”

About DevOps
Recent consensus on what DevOps is centers on the idea that DevOps is primarily about culture. The DevOps culture is based on a set of principles an organization initially aspires and ultimately adheres to. Organizations that have adopted this culture value collaboration, experimentation and learning. In a DevOps culture all participants in the software delivery lifecycle (not just development and operations) align around a shared goal: the rapid delivery of stable, high-quality software from concept to customer. Since DevOps is a cultural thing, technically it does not require automation. However, automation of software development, testing and deployment through continuous delivery is widely recognized as a key enabler of DevOps. Automation enables organizations to deliver software more quickly while ensuring operations can have confidence in what is being deployed, and customers get the quality, security and stability they require.

The $3.58 billion DevOps industry is at an inflection point. Legacy and point solutions are unable to meet this growing demand with the governance, scale and flexibility required by enterprises of all sizes. CloudBees 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.

(Press release)