Total amount raised
A$59.2 Millions
Latest funding date
11/01/2022
Location
Buildkite has successfully raised funding through multiple rounds, with the latest being a Series B round in November 2022. The platform is designed to enhance software delivery processes, offering advanced workflow orchestration and test optimization.
With backing from investors like OneVentures and Dominic Pym, Buildkite continues to innovate in the field of continuous integration and delivery. Keep reading to explore the intricacies of Buildkite's fundraising journey and the investors supporting this dynamic platform.
What Is Buildkite?
Buildkite, founded on September 3, 2013, by Keith Pitt, Lachlan Donald, and Tim Lucas, is headquartered in Fitzroy, Victoria, Australia. The company operates in the software industry, specifically focusing on developer tools and continuous integration/continuous deployment (CI/CD) platforms.
With a team of 101-250 employees, Buildkite offers a platform designed to run fast, secure, and scalable CI pipelines on a company's own infrastructure. Their tools help in testing and deploying software across various projects, including mobile apps and backend applications.
How Much Funding Has Buildkite Raised?
- Seed Round
- Amount Raised: A$200K
- Date: January 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial development and market entry.
- Series A
- Amount Raised: A$28M
- Date: August 2020
- Lead Investors: OpenView
- Valuation at Round: A$200M
- Motivation Behind the Round: Scaling operations and expanding product offerings.
- Series B
- Amount Raised: A$31M
- Date: November 2022
- Lead Investors: OneVentures, AirTree Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Launching new developer-focused products and expanding operations, marketing, and sales teams.
Total Amount Raised: A$59.2M
Current Valuation: Not publicly disclosed
Key Investors
- AirTree Ventures
- Details: AirTree Ventures is a venture capital firm based in Australia, known for investing in technology startups. They have a strong focus on supporting early-stage companies with high growth potential.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Canva, Prospa, Pet Circle
- OneVentures
- Details: OneVentures is an Australian venture capital firm that focuses on transformative technology companies. They aim to support high-growth businesses that are innovating in their respective fields.
- Investment Focus Areas: Healthcare, Technology, Fintech
- Notable Investments: Vaxxas, Hatchtech, Charmhealth
- OpenView
- Details: OpenView is a venture capital firm that invests in expansion-stage software companies. They provide operational support to help companies scale efficiently.
- Investment Focus Areas: SaaS, Cloud Computing, Infrastructure Software
- Notable Investments: Datadog, Expensify, Instructure
- General Catalyst
- Details: General Catalyst is a US-based venture capital firm that invests in early-stage and growth-stage companies. They focus on building enduring companies across multiple industries.
- Investment Focus Areas: Technology, Healthcare, Consumer Products
- Notable Investments: Airbnb, Stripe, Snap Inc.
- Dom Pym
- Details: Dom Pym is the founder of Up bank, a digital bank in Australia. He is an individual investor with a focus on technology and software companies.
- Investment Focus Areas: Fintech, Digital Banking
- Notable Investments: Up bank
What's Next for Buildkite?
Buildkite stands at the cusp of significant opportunities, driven by the increasing demand for scalable and secure CI/CD solutions. With the recent $21 million Series B funding, the company is poised to launch new developer-focused products and expand its operations, marketing, and sales teams. The hybrid CI/CD model, which allows companies to host their pipelines on their own infrastructure while using a cloud-powered interface, positions Buildkite uniquely in the market.
As the CI/CD tools market is projected to reach $19 billion by 2031, Buildkite's growth potential is substantial. The company’s ability to handle over a billion tests a week with its Test Analytics product showcases its scalability and reliability. Future fundraising rounds seem likely as Buildkite continues to innovate and expand its product offerings, potentially attracting further investment to support its ambitious goals.
However, challenges lie ahead. The competitive landscape, with established players like CircleCI and GitHub Actions, requires Buildkite to continuously innovate while maintaining high performance and security standards. Adapting to the rapidly changing CI/CD landscape and ensuring the reliability of new products will be crucial as the company scales. Despite these challenges, Buildkite's strong foundation and strategic vision position it well for future success.
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