– USA, CA – CircleCI, the leading CI/CD platform, today announced the company has successfully closed $100 million in Series E funding led by IVP, with Sapphire Ventures also participating.
IVP Partner, Cack Wilhelm, will also be joining its board of directors.
CircleCI will use the Series E funding to further execute on its promise to deliver data and insights for users, focus on change validation, and support more complex software delivery needs.
“CI/CD was once a cutting-edge development idea reserved for savvy technology companies, but now we’re seeing that expand to all companies,” said Cack Wilhelm, partner, IVP. “CircleCI is an especially attractive investment given the depth and complexity of the product and the underlying dataset they have observed over time on how great companies build and release software. We believe CircleCI will continue to further their lead as the strongest pure-play CI/CD platform available in the market and we’re proud to be a party to that future.”
CircleCI has raised $215 million in total funding since its founding in 2011. With this new round, CircleCI will continue to further execute on its promise to provide the best continuous integration and continuous delivery (CI/CD) solution to solve the world’s most complex software delivery problems.
The market for DevOps tools is expected to grow to $15 billion by 2026. At the center is CI/CD, which unlocks agility for organizations by allowing them to use automated processes to ship software faster and safer, while ensuring the quality of the code they deploy.
CircleCI’s CI/CD platform verifies that every code commit is tested before it’s shipped, so engineering teams can focus on building quality products, which directly impacts customer satisfaction and overall business growth.
“CircleCI is built around the belief that CI/CD is at the heart of DevOps,” said Jim Rose, CEO, CircleCI. “This big bet that has been core to our strategy from day one and will continue to be as we look toward the future.”
Brands like Spotify, Ford Motor Company, and Facebook trust CircleCI and within the past year thousands of new customers including global enterprises like NBC Universal, Citigroup, Aetna, and Unilever have signed on.
“CircleCI’s rapid growth within the developer tool space has been impressive,” says Jai Das, president and co-founder, Sapphire Ventures. “There has been a lot of emphasis on growth opportunities in software, but not enough on the build, test, and deploy component, which I believe, is the most powerful when taking an idea to delivery. CircleCI addresses that need and empowers developers to spend their time doing what matters most and do it more quickly, more effectively, and at scale.”
About CircleCI
CircleCI is the leading continuous integration and delivery platform for software innovation at scale. With intelligent automation and delivery tools, CircleCI is used by the world’s best engineering teams to radically reduce the time from idea to execution. Founded in 2011 and headquartered in downtown San Francisco with a global, remote workforce, CircleCI is venture-backed by IVP, Sapphire Ventures, Owl Rock, NextEquity Partners, Scale Venture Partners, Threshold Ventures, Baseline Ventures, Top Tier Capital Partners, Industry Ventures, Heavybit, and Harrison Metal Capital.
For more information: https://circleci.com
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