- CircleCI — a company that helps engineering organizations write better software faster — announced it closed $56 million in Series D funding
CircleCI — the leading platform for software innovation at scale — announced it closed $56 million in announced it closed $56 million in Series D funding. This round of funding was led by Owl Rock Capital Partners and NextEquity Partners with participation from existing investors Scale Venture Partners, Top Tier Capital, Threshold Ventures (formerly DFJ), Baseline Ventures, Industry Ventures, Heavybit, and Harrison Metal Capital. Including this round, CircleCI has raised $115.5 million in total funding since launch.
“Our accelerated pace of change over the last 18 months reflects our industry as a whole: software development is increasingly complex, fragmented, and difficult to map,” said CircleCI CEO Jim Rose in a statement. “We’re in a unique position to help engineering organizations write better software faster. Our product strategy combines an agnostic, build anything, anywhere roadmap with a focus on lifting business value delivery of software everywhere.”
With this round of funding, CircleCI will continue product expansion globally along with using the resources for delivering on their vision of becoming the de facto standard CI/CD platform of choice regardless of toolchain.
“CircleCI’s rapid growth and ability to bring real value to the developer tool space have been very impressive,” added Pravin Vazirani — the co-portfolio manager of Owl Rock Capital Partners. “There has been a lot of emphasis on growth opportunities in software, but not enough on how code goes from idea to delivery. CircleCI provides the main ingredient that empowers developers to spend their time doing what matters most and do it more quickly, more effectively, and at scale.”
Ever since CircleCI raised its Series C round of funding in January 2018, the company saw tremendous momentum including an increase in monthly job count from 7 million to over 30 million every month. And it created over 900 CircleCI orbs — which are products of CircleCI’s Technology Partner Program currently comprised of more than 45 solutions provider partners. And the company also opened its first international office in Tokyo along with hubs in Boston and Denver.
In the first six months of 2019, seventy-five employees were hired at the company. And it is projected that the company will have a total of 300 employees by the end of the year.
“Every company today relies on software to continuously improve its products and business in order to keep up with consumers’ evolving needs and expectations,” explained Rob Zuber — the CTO of CircleCI. “We believe humans should never have to wait on machines. This new round of funding will better allow us to provide developers flexibility and control to power their workflows seamlessly.”
With this round of funding, CircleCI is going to further their extensibility and agnosticism capabilities, expand its global presence, and provide deeper insights for users to improve the health of their value delivery.
“When evaluating companies for investment, one quality I look for is how quickly a company can deliver value to the market,” said Andy Vitus, partner, Scale Venture Partners. “Scale led CircleCI’s Series B in 2016, and since then I’ve seen the company prove how effectively it improves developer throughput and velocity. We believe CircleCI is the DevOps standard for companies looking to accelerate their delivery pipeline while increasing quality.”
