CloudBees collect $11.2 million for the hive
With new Verizon Ventures led cash injection, PaaS provider is well placed to become go-to guys for continuous delivery.
PaaS provider CloudBees has just closed its latest round of funding, signing off to the tune of $11.2 million. The series C round of financing was led by telecommunications provider Verizon Ventures, who recently announced a partnership to make the CloudBees PaaS software available on the new Verizon Cloud infrastructure. Past investors Matrix Partners and Lightspeed Ventures also joined the charge, as well as new investor Blue Cloud Ventures.
This influx of capital brings the total amount of investments into CloudBees to $27.7 million. The new funding go towards helping to grow global sales, as well as the development of new product features.
As Venturebeat notes, whilst there are plenty of other companies around which offer similar services to the ‘Bees, the comprehensive from-blueprint-to-release app delivery they provide is unrivalled in the space. It’s this differentiation that puts them in excellent stead for becoming the “go-to provider” for continuous delivery of software.
PaaS environments have yet to achieve mass adoption (in fact, some argue that this tipping point may never come for PaaS as we know it). Many companies are more than happy to plod along with traditional application servers over deploying to PaaS environments, which extract away good deal of the underlying complexity of the IT environment.
CloudBees CEO Sacha Labourey is forecasting that a sea change is about to take place in the industry towards PaaS – and with $11.2 million, they are well placed to help drive it.
Writing about the news on his blog, he reflects that 2013 was a key year for the company, thanks to the “radical” changes the continuous delivery has wrought on the way companies build and deploy applications. He added that, with their popular PaaS solutions and Jenkins CI, CloudBees “holds a strategic position at the core of this phenomenon.”
In 2014, CloudBees is also planning to expand its presence on the cloud with a series of infrastructure provider partnerships.
Labourey confirms that, “In 2014, we obviously aim to drive continued sales growth and product expansion, but we will also be announcing more partnerships aimed at bringing the power of Continuous Delivery to more developers, more solutions and more businesses around the globe.”
The multi-million dollar endorsement comes on the heels of a more good news for CloudBees from Gartner, who has placed the company as “visionaries” in their latest Magic Quadrant for Enterprise aPaaS.