This article originally appeared at The WHIR
CloudBees announced a $23.5 million financing round on Tuesday. The company plans to use the funding to continue the growth it has experienced “from demand for its continuous delivery solutions based on Jenkins CI, the leading open source continuous integration (CI) platform.”
“With Jenkins’ global dominance as the hub of continuous delivery for enterprises, CloudBees sees explosive demand in 2015 for its Jenkins-based solutions,” the company said in a press release.
The company is supported by previous investor Lightspeed Venture Partners along with Matrix Partners, Verizon Ventures and Blue Cloud Ventures. Less than a year ago Cloudbees received $11.2 million in a round led by Verizon. With the latest funding round, the company has received a total investment of just under $50 million in less than five years.
Founder and chief executive officer of CloudBees Sacha Labourey said the funding will allow Cloudbees to capture more market share and “further cement our position as the continuous delivery leader.” It plans to use the capital to support sales, marketing and development.
“We’ve been with CloudBees since the early days and we continue to be impressed with the way this world class team delivers on its market vision,” Lightspeed Venture Partners general partner John Vrionis said. “The business is scaling quickly and we believe there is a massive opportunity to build a franchise company given all the momentum in continuous delivery.”
In September, Cloudbees repositioned itself as “The Enterprise Jenkins Company” and dropped its runtime PaaS, closing its RUN@cloud platform that was used by between 300 and 500 customers.
In 2013, Cloudbees began offering Continuous Cloud Delivery (CCD), a service to accelerate application delivery and meet high-frequency update requirements necessary for web and mobile applications. CCD offers a way for development teams to quickly push application changes and deploy the resulting code to production, all via the cloud.
This article originally appeared at: http://www.thewhir.com/web-hosting-news/cloudbees-snags-23-5m-series-d-funding-meet-growing-demand-jenkins