CloudBees Adds $23.5M in Financing
CloudBees has secured $23.5 million in a financing round led by Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the financing round.
To date, CloudBees has raised nearly $50 million in total financing; the continuous delivery (CD) platform provider previously added $11.2 million in Series C financing last March.
CloudBees said it plans to use the most recent financing to ensure it can keep up with the rising demand for CD solutions that leverage Jenkins CI, a Java-based, open-source continuous integration (CI) platform. (Software developers can use CD solutions and best practices such as CI to streamline the software delivery process and provide new features to users quickly and efficiently, according to DevOpsGuys.)
CloudBees plans to focus on investments in four areas:
- Development.
- Marketing.
- Professional services.
- Sales.
Sacha Labourey, CloudBees’ CEO, noted that he expects to see “explosive demand” for his company’s Jenkins-based solutions this year.
And as a result, Labourey said CloudBees will use the additional capital to serve the growing demand for Jenkins-based solutions worldwide and ultimately hopes to increase its market share and further cement its position in the CD solutions sector as well.
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CloudBees last September announced plans to discontinue its RUN@cloud platform-as-a-service (PaaS) and focus exclusively on the Jenkins market and ecosystem.
Since that time, CloudBees has added 32 partners, and with the new financing, the company also said it plans to introduce new products and target new strategic partnerships.
“We essentially want to help as many companies as possible to succeed in their adoption of continuous delivery, and we will do whatever it takes to get there, in terms of product investment, go-to-market and partnerships,” Labourey told Talkin’ Cloud.
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