- Enterprise DevOps company CloudBees announced it has raised $10 million in capital investment from HSBC
- This is a follow-on to a $62 million growth capital round last year.
CloudBees, an enterprise DevOps company that is powering the continuous economy, announced it raised a $10 million capital investment from HSBC. This is a follow-on to a $62 million growth capital round last year and brings the total funding to over $120 million.
HSBC’s investment in CloudBees was strategic as the major financial firm uses CloudBees’ Core platform technologies for accelerating its overall software delivery system.
“This investment is indicative of the importance leading companies, such as HSBC, are placing on DevOps,” said CloudBees CEO and co-founder Sacha Labourey. “DevOps is the new way to deliver software, enabling organizations to deliver software at the speed of ideas, and allowing organizations to respond more quickly to customer needs and market demands.”
CloudBees is essentially powering the continuous economy by offering the world’s first end-to-end continuous software delivery management system (SDM). And for millions of developers and product teams driving innovation for businesses large or small, SDM is used for building on continuous integration (CI) and continuous delivery (CD) to enable all functions and teams within and around the software delivery organization to best work together to amplify value creation.
According to a study by Grandview Research, the $4.61 billion DevOps industry is growing rapidly as companies rely more on software for continuously improving their products and overall business. And CloudBees serves a growing enterprise demand for governance, flexibility, and scale by offering an end-to-end continuous software delivery system designed for accelerating development and delivery while minimizing risk.
And there are more than 15 million software developers that use Jenkins to automate their software delivery pipelines and 46 of Fortune 100 enterprises (including 3 of the Fortune 10) use the CloudBees Suite to transform their businesses for the continuous economy, according to recent Datanyze analysis. CloudBees is considered the largest contributor to Jenkins and Jenkins X. And it is a founding member of the Continuous Delivery Foundation (CDF).
“We invest in technologies which are strategically important to our business, and which help us serve our customers better,” added Dinesh Keswani — the chief technology officer of Shared Services at HSBC. “The DevOps market is growing fast, as organizations like us drive automation, intelligence and security into the way we deliver software. CloudBees is already a strategic business partner of HSBC; we are excited by our investment and by the opportunity to be part of the story of continuous delivery.”
Labourey pointed out that CloudBees is going to use the funding by HSBC to bring new innovation to the DevOps market through its modern software delivery suite and grow its strategic partnerships. Plus it will accelerate its global business growth organically and through M&A.
CloudBees was founded by Labourey, chief strategy officer Francois Dechery, CTO Kohsuke Kawaguchi, engineering manager Michael Neale, and engineering manager Vivek Pandey in 2010.