Total amount raised
$356.2 Million
Latest funding date
12/1/2021
Location
CloudBees has successfully raised funding through eight rounds, with the latest being a Series F round led by Goldman Sachs Asset Management. The company has attracted a total of 16 investors, including Morgan Stanley Private Credit and Delta-v Capital.
Keep reading to explore the intricacies of CloudBees' fundraising journey and the investors backing this innovative platform.
What Is CloudBees?
CloudBees, based in San Jose, California, is a private company specializing in Business Development, Cloud Computing, Cloud Data Services, Delivery, DevOps, and SaaS. The company has an employee count ranging from 501 to 1000.
CloudBees provides AI-driven software delivery lifecycle solutions, including their flagship product, CloudBees Unify, which enhances DevOps processes through intelligent orchestration and continuous security. The company empowers enterprises to deliver scalable, compliant, and secure software, enabling developers to perform at their best.
How Much Funding Has CloudBees Raised?
- Series A
- Amount Raised: USD 4,000,000
- Date: November 2010
- Lead Investors: Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial product development.
- Series B
- Amount Raised: USD 10,500,000
- Date: July 2011
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product offerings.
- Series C
- Amount Raised: USD 11,200,000
- Date: March 2014
- Lead Investors: Verizon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: USD 23,500,000
- Date: January 2015
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product innovation and expand globally.
- Series E
- Amount Raised: USD 37,000,000
- Date: June 2018
- Lead Investors: Delta-v Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and support customer growth.
- Debt Financing
- Amount Raised: USD 25,000,000
- Date: June 2018
- Lead Investors: Golub Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital for expansion.
- Series F
- Amount Raised: USD 150,000,000
- Date: December 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: USD 1,000,000,000
- Motivation Behind the Round: To advance product innovation, recruit talent, and expand into new markets.
- Debt Financing
- Amount Raised: USD 95,000,000
- Date: December 2021
- Lead Investors: Goldman Sachs Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and product development.
Total Amount Raised: USD 355,200,000. Current Valuation: USD 1,000,000,000.
Key Investors
- Goldman Sachs Asset Management
- Details: Goldman Sachs Asset Management is a leading global investment manager providing investment and advisory services. They manage over $2.3 trillion in assets.
- Investment Focus Areas: Technology, software, private equity.
- Notable Investments: Uber, Spotify, Airbnb.
- Delta-v Capital
- Details: Delta-v Capital is a growth equity and secondary investment firm. They focus on technology companies and have a strong track record in the sector.
- Investment Focus Areas: Technology, growth equity, secondary investments.
- Notable Investments: LogRhythm, Datavail, CloudBees.
- Golub Capital
- Details: Golub Capital is a market-leading private debt platform. They specialize in middle-market lending and private equity.
- Investment Focus Areas: Private debt, middle-market lending, growth capital.
- Notable Investments: PetSmart, National Veterinary Associates, Paycor.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners focuses on early-stage investments in enterprise and consumer sectors. They have a history of backing successful startups.
- Investment Focus Areas: Enterprise, consumer, early-stage investments.
- Notable Investments: Snap, AppDynamics, MuleSoft.
- Verizon Ventures
- Details: Verizon Ventures invests in technology and media companies. They are the investment arm of Verizon Communications.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: Not publicly disclosed.
What's Next for CloudBees?
CloudBees stands at the cusp of significant growth opportunities, driven by its recent $245 million funding. The company is poised to advance product innovation, recruit top talent, and expand into the Asia Pacific market. These opportunities are substantial, given the increasing demand for secure and compliant software delivery platforms.
Future fundraising seems promising, with strong backing from major investors like Goldman Sachs and Morgan Stanley. This financial support could facilitate further rounds of equity or debt financing, enabling CloudBees to continue its growth trajectory. However, the company will need to navigate challenges such as intense competition and managing rapid expansion effectively.
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