CloudBees Raises $245M to accelerate product innovation and support global expansion

CloudBees, maker of the world’s first end-to-end automated software delivery system, said Friday that it landed a $150 million Series F financing round at a pre-money valuation of $1 billion and completed a $95 million debt facility.

CloudBees plans to use the new capital to support and accelerate product innovation, grow its workforce, finance its expansion program in the Asia Pacific market, and broaden its global partnerships.

According to VentureBeat, the funding round was led by client vehicles advised by Goldman Sachs Asset Management, with participation from Morgan Stanley, Bridgepoint Capital, Golub Capital, HSBC, and Delta-v Capital.

Founded in 2010 and based in San Jose, California, CloudBees provides a market-leading software delivery platform for enterprises, enabling companies to continuously innovate and compete in the digital world. The company’s software delivery platform is used by big-name businesses and government agencies such as Allianz, AirBnb, Bosch, Autodesk, Broadridge, Capital One, Fidelity Investments, HSBC, Salesforce, Social Security Administration, The Hartford, the United States Air Force (USAF), and the United States Citizenship and Immigration Services.

CloudBees operates and maintains offices in North Carolina, Deleware, Belgium, Spain, and Switzerland. The company’s software delivery platform originally included a Platform as a Service offering, which let developers use Jenkins in the cloud, along with an on-premise version of Jenkins with additional functions for enterprise companies. In 2020, the company introduced a new service, the Software Delivery Management platform.

CloudBees has made some acquisitions in the past years. These include CodeShip, Electric Cloud, Rollout, and Neuralprints. The company has been named to G2’s Top 100 Software Products for 2021, G2’s Top 50 Enterprise Software Products for 2020 and 2021, and earned G2’s Enterprise Leader designation for continuous integration for 10 consecutive quarters. It also claimed the top position in feature management in Fall 2021

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