Electric Cloud raises $12 million in funding
Electric Cloud has announced it has raised $12 million in funding. The company raised a first $8 million of this round back in September and received an additional $4 million from its current investors like Siemens Venture Capital, U.S. Venture Partners, Mayfield Fund, RRE Ventures, and Rembrandt Venture Partners.
Electric Cloud develops “Continuous Delivery” software, which includes automation testing and deployment for frequent and smaller software fixes, according to VentureBeat.
“As Agile and DevOps initiatives extend deeper within internet-based and enterprise software organizations, the demand for Continuous Delivery automation continues to drive growth for our company,” stated Electric Cloud CEO Steve Brodie. “Closing our over-subscribed Series E funding round will accelerate not only company growth but also new levels of innovation that will help customers deliver better software more efficiently than ever before.”
Based in Sunnyvale, Calif., Electric Cloud was founded in 2002 and has raised a total of $29.6 million.