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CLOUDBEES RAISES $11M IN SERIES C FINANCING
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Published : 11 years ago, on

Verizon Ventures Leads the Round

CloudBees, Inc., the Enterprise Platform as a Service (PaaS) innovation leader, announced it has closed an $11.2 million Series C financing round. The round was led by Verizon Ventures, the investment arm of Verizon Communications Inc. The round also included existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.

CLOUDBEES RAISES $11M IN SERIES C FINANCING

CLOUDBEES RAISES $11M IN SERIES C FINANCING

Founded in 2010, CloudBees is a recognised leader in Platform as a Service technology and in its enterprise support and features for Jenkins continuous integration and delivery. The Series C funding brings the total investment in CloudBees to $25.7 million. The new funds will be used to drive continued revenue growth by rolling out additional product capabilities, fund sales expansion and extend the reach of the CloudBees brand.

“Enterprise cloud application development and delivery is an innovative space that’s growing quickly,” said Dan Keoppel, executive director of Verizon Ventures and Verizon’s observer to the CloudBees board. “As enterprises rush to adopt cloud services, PaaS speeds that adoption.”

“PaaS and continuous delivery are transforming the way enterprises create business applications and deliver value to the business by accelerating the way applications are built and deployed,” said Sacha Labourey, founder and chief executive officer of CloudBees. “CloudBees is at the centre of this evolution and we are excited to have a group with the stature of Verizon Ventures lead our Series C investment round. We will invest in initiatives that continue to improve our platform and strengthen our go to market capabilities.”

The investment comes on the heels of CloudBees being positioned in the “Visionaries” quadrant of the newly published Magic Quadrant for Enterprise Application Platforms as a Service (aPaaS) by research and advisory firm Gartner Inc. CloudBees’ standing in the January 7, 2014, report is based on the company’s completeness of vision and ability to execute.

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

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