CircleCI said May 16 it raised $18 million in Series B funding led by Scale Venture Partners. Existing investors DFJ, Baseline Ventures, and Harrison Metal also participated in the round. CircleCI provides a software platform that aims to help developers to rapidly release code for web and mobile apps.
SAN FRANCISCO, CA –(Marketwired – May 16, 2016) – CircleCI, the leader in continuous integration and continuous delivery, today announced it raised $18 million in Series B funding led by Scale Venture Partners. Existing investors DFJ, Baseline Ventures, and Harrison Metal also participated in the round, bringing total financing for the company to $28 million. Timed with the investment, Andy Vitus, Partner at Scale Venture Partners, has joined the CircleCI Board of Directors.
Founded in 2011, CircleCI helps software teams rapidly release code they trust by automating the build, test, and deploy process. Built for developers, CircleCI offers a modern software delivery platform that lets teams ramp up quickly, scale easily, and build confidently every day. Thousands of technology-driven companies including Facebook, Sony, Kickstarter, and Spotify rely on CircleCI to accelerate delivery of their code, helping software developers focus on creating business value fast.
The company plans to use the funds to drive product development, expand operations to support a growing global customer base, and to scale sales and infrastructure to support new and existing customers of both the SaaS and Enterprise solutions.
CircleCI joins an impressive list of Scale Venture Partners portfolio companies, companies including Chef, Box and DocuSign. “We are in the midst of a transformation to the software delivery pipeline, mainly driven by the demands for speed as enterprises move toward releasing code daily and hourly. As complexity rises, enterprises large and small have new demands for speed, assurances of quality, and automation, making the software delivery phases a critical business driver,” said Andy Vitus, CircleCI Board Member and Partner at Scale Venture Partners. “CircleCI is at the core of helping modern organizations build software across languages in a single interface. We look forward to working with them as they continue their rapid growth.”
CircleCI will use the investment to continue the tremendous momentum it experienced over the past year including:
Key Product Launches
- CircleCI Enterpriseon-prem deployment further expands options for modern software teams who want powerful CI/CD behind their firewall. CircleCI Enterprise enables customers to maintain complete control over access to their secure source code, test databases, and other resources.
- CircleCI for OS Xenables mobile app developers to test and deploy iOS apps quickly and easily. After a successful public beta and limited release, the new hosted OS X testing platform is now available for companies of all sizes and across industries to purchase and use.
- CircleCI was recognized as a winner of the2016 Bay Area Best Places To Work, an awards program presented by the San Francisco Business Times and the Silicon Valley Business Journal. CircleCI was among the top 30 small Bay Area companies whose employees rate them as the highest on such values as fun, collaborative culture, solid compensation and benefits offerings, and other amenities as well as management practices.
“The market is shifting with a keen eye toward DevOps and developer-centric solutions for good reason,” said Jim Rose, Chief Executive Officer, CircleCI. “We provide the velocity developers need to turn the release cycle from days to minutes without sacrificing quality. We are experiencing incredible momentum and we are eager to continue to bring the best possible solution to market for our customers and partners.”
CircleCI helps software teams rapidly build code they trust. Thousands of technology-driven companies rely on CircleCI’s modern continuous integration and delivery platform to automate the build, test, and deploy processes. CircleCI empowers developers to focus exclusively on creating business value fast.
CircleCI is a Bay Area Best Places to Work 2016 award winner. Founded in 2011 and headquartered in San Francisco, CircleCI is venture backed by Scale Venture Partners, DFJ, Baseline Ventures, and Harrison Metal Capital.
About Scale Venture Partners
Scale Venture Partners invests in technology companies with a focus on SaaS and Cloud Infrastructure. We partner with entrepreneurs, from their first dollar in revenue and invest to accelerate growth and establish market leadership. ScaleVP has$1B in assets under management and is investing its fifth fund. Representative investments include: Box, Chef, Cloudhealth, DataStax, Demandbase, DocuSign, ExactTarget, HubSpot, PubNub, Omniture and WalkMe. ScaleVP is located in Silicon Valley and invests nationwide. For more information, visit www.scalevp.com or follow us on Twitter at @scalevp or LinkedIn at www.linkedin.com/company/scale-venture-partners.