CloudBees Raises $245 Million in New Financing

Date-10/12/2021

Speculations focused on item development, ability, and worldwide extension to empower endeavors to contend and win in a product first economy

CloudBees, the main programming conveyance stage for endeavors, reported it has shut a $150 million Series F financing round at a pre-cash valuation of $1 billion. The organization likewise shut a $95 million obligation office to speed up development.

The financing was driven by customer vehicles prompted by Goldman Sachs Asset Management Private Credit (“Goldman Sachs Asset Management”), with new ventures from reserves subsidiary with Morgan Stanley Private Credit (“Morgan Stanley”) and Bridgepoint Capital, alongside rehash financial backers HSBC, Golub Capital, and Delta-v Capital.The new capital will be utilized by CloudBees to progress and speed up item advancement, select and foster ability, grow its impression in business sectors like Asia Pacific, and expand its worldwide and provincial associations.

CloudBees $245 Million in New Financing

“CloudBees shapes the way where obviously the most refined affiliations pass on programming and progress to their clients. It’s the way where attempts battle and win in a world that is changed by the dependable development of immense, secure, and satisfying modernized encounters,” said Stephen DeWitt, CloudBees CEO. “This hypothesis round will assist CloudBees with accomplishing levels of progress, draw in and cultivate limit, and widen all over the planet. A particular something, regardless, will continue as before: our hyper-base on organizing undertaking clients – working at gigantic expansion in the most referencing, complex and multi-cloud conditions – to reevaluate the way wherein they accumulate their foundation for programming development.”

“CloudBees’ clients are moving past the thought of only DevOps to empowering all groups engaged with conveying programming – designing, activities, security, and then some – to ceaselessly further develop client encounters,” said Eric Riley from Goldman Sachs Asset Management. “We see an expression point of market opportunity, and are satisfied to help the organization, its authority group, and their clients in their advanced change travels.” The financing incorporates both value and obligation instruments.

CloudBees has a very long term history of being the go-to programming conveyance supplier for ventures, including market forces to be reckoned with like Autodesk, Broadridge, Capital One, DZ BANK, Fidelity Investments, HSBC, IHG, Morningstar, Pegasystems, Salesforce, Social Security Administration, The Hartford, the United States Air Force, and the United States Citizenship and Immigration Services. The CloudBees list flaunts 21 clients with yearly repeating income more prominent than $1 million. Indeed, 41% of CloudBees’ clients have yearly income above $1 billion and 26 percent have in excess of 10,000 representatives.

In 2021, CloudBees welcomed on new chief authority, including CEO Stephen DeWitt who joined the organization in February. CloudBees has drawn in new chief colleagues with profound involvement with scaling high-development undertaking programming organizations, including at SAP, Splunk, Cobalt, RedHat, Cloudera, PayPal, Automation Anywhere, HP, HSBC, Cisco, Symantec, and Chegg.

CloudBees Raises $245 Million in New Financing

Since its past subsidizing round in 2018, CloudBees has:

  • Uncovered new things for, not really settled always vehicle, release connection, join the board, appraisal, and trustworthy consistence Gotten driving relationship to help its thing portfolio and responsibilities, including CodeShip, Electric Cloud, Rollout, and Neuralprints 
  • Extended its number of specialists by 70% to more than 500 
  • Gotten G2’s Enterprise Leader task for steady mix for 10 moderate quarters and ensured the pivotal circumstance in feature the board in Fall 2021 
  • Dependably planned as a business boss and strong performer by pivotal industry specialists for clear coordination, unsurprising turn of events, release alliance, and worth stream the board, including the 2018 and 2019 Gartner Magic Quadrant for Application Release Orchestration, the 2018 Forrester Wave: Continuous Delivery And Release Automation, the 2019 Forrester Wave: Cloud-Native Continuous Integration Tools, the 2020 Forrester Wave: 

Extra Resources

  • Watch a video from our CEO, Stephen DeWitt 
  • Peruse a message from our fellow benefactor and Chief Strategy Officer, Sacha Labourey

About CloudBees 

CloudBees gives the main programming conveyance stage for undertakings, empowering them to persistently enhance, contend, and win in a world controlled by the computerized insight. Intended for the world’s biggest associations with the most intricate prerequisites, CloudBees empowers programming advancement associations to convey versatile, consistent, administered, and secure programming from the code a designer keeps in touch with individuals who use it. The stage interfaces with other best of breed instruments, further develops the designer experience, and empowers associations to rejuvenate advanced advancement ceaselessly, adjust rapidly, and open business results that make market pioneers and disruptors.

About Goldman Sachs Asset Management 

Uniting customary and elective ventures, Goldman Sachs Asset Management furnishes customers all over the planet with a committed association and spotlight on long haul execution. As the essential contributing region inside Goldman Sachs (NYSE: GS), we convey venture and warning administrations for the world’s driving establishments, monetary counselors and people, drawing from our profoundly associated worldwide organization and custom fitted master experiences, across each district and market—managing more than $2.3 trillion in resources under oversight worldwide as of Sept. 30, 2021. Driven by an energy for our customers’ presentation, we look to fabricate long haul connections dependent on conviction, economical results, and shared accomplishment over the long run.

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