Total amount raised
$356.2 Millions
Latest funding date
12/1/2021
Location
CloudBees has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company specializes in providing scalable and secure software solutions that empower developers to excel in their work.
Continue reading to delve into the details of CloudBees' funding journey and the investors who support this innovative platform.
What Is CloudBees?
CloudBees, founded on March 9, 2010, is headquartered in San Jose, California. The company was established by Adrian Brock, François Déchery, Michael Neale, Ryan Campbell, Sacha Labourey, and Vivek Pandey.
Specializing in software development and productivity tools, CloudBees offers solutions that enhance continuous integration and delivery (CI/CD), DevSecOps, and cloud-native software delivery. Their products include CloudBees CI, CloudBees Platform, and various add-ons for Amazon EKS and AWS.
With a workforce of 501-1000 employees, CloudBees integrates into hybrid and heterogeneous environments, ensuring security, compliance, and operational efficiency while improving the developer experience across the software development lifecycle.
How Much Funding Has CloudBees Raised?
- Series A
- Amount Raised: $4M
- Date: November 2010
- Lead Investors: Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop initial product offerings.
- Series B
- Amount Raised: $10.5M
- Date: July 2011
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product development and market reach.
- Series C
- Amount Raised: $11.2M
- Date: March 2014
- Lead Investors: Verizon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and scale operations.
- Series D
- Amount Raised: $23.5M
- Date: January 2015
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand into new markets.
- Series E
- Amount Raised: $37M
- Date: June 2018
- Lead Investors: Delta-v Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product innovation and increase market penetration.
- Debt Financing
- Amount Raised: $25M
- Date: June 2018
- Lead Investors: Golub Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expenses and strategic initiatives.
- Series F
- Amount Raised: $150M
- Date: December 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: $1B
- Motivation Behind the Round: To advance product innovation, recruit talent, and expand into new markets.
- Debt Financing
- Amount Raised: $95M
- Date: December 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and strategic initiatives.
Total Amount Raised: $356.2M. Current Valuation: $1B.
Key Investors
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a leading global investment management firm providing investment and advisory services. They manage over $2.3 trillion in assets as of September 30, 2021.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Uber, Spotify, Dropbox.
- Delta-v Capital
- Details: Delta-v Capital is a growth equity firm that invests in technology companies. They focus on providing capital to help companies scale and achieve their growth objectives.
- Investment Focus Areas: Technology, software, IT services.
- Notable Investments: CloudBees, LogRhythm, Zayo Group.
- Golub Capital
- Details: Golub Capital is a market-leading private debt platform known for its middle-market lending and credit asset management. They provide financing solutions to middle-market companies.
- Investment Focus Areas: Private debt, middle-market lending, credit asset management.
- Notable Investments: GoDaddy, Red Ventures, Mindbody.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm focusing on early-stage investments in the enterprise and consumer sectors. They have a strong track record of backing successful startups.
- Investment Focus Areas: SaaS, cloud computing, cybersecurity.
- Notable Investments: Snap, AppDynamics, MuleSoft.
- Verizon Ventures
- Details: Verizon Ventures is the investment arm of Verizon Communications, focusing on technology and media. They invest in companies that align with Verizon's strategic interests.
- Investment Focus Areas: 5G, IoT, digital media.
- Notable Investments: CloudBees, Afero, Skyward.
What's Next for CloudBees?
CloudBees stands at the cusp of significant growth opportunities, driven by a robust $245 million funding round. The company aims to advance product innovation, recruit top talent, and expand into the Asia Pacific market. With a strong financial backing, CloudBees is well-positioned to broaden its global and regional partnerships, tapping into the increasing demand for secure and compliant software delivery solutions.
Future fundraising appears promising, given the successful Series F round and debt financing. However, CloudBees will need to navigate challenges such as intense competition and the complexities of expanding into new markets. Maintaining innovation and managing rapid growth will be crucial as the company continues to scale its operations and enhance its product offerings.
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