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HSBC Invests $10M in CloudBees
May 29, 2019
CloudBees secured a $10 million capital investment from HSBC, one of the world’s largest banking and financial services organizations.
HSBC said the investment in CloudBees underscores the importance of DevOps in the bank’s business and technology future.
“We invest in technologies which are strategically important to our business, and which help us serve our customers better,” said Dinesh Keswani, CTO, Shared Services, HSBC. “The DevOps market is growing fast, as organizations like us drive automation, intelligence and security into the way we deliver software. CloudBees is already a strategic business partner of HSBC; we are excited by our investment and by the opportunity to be part of the story of continuous delivery.”
“This investment is indicative of the importance leading companies, such as HSBC, are placing on DevOps,” said Sacha Labourey, CEO and co-founder of CloudBees. “DevOps is the new way to deliver software, enabling organizations to deliver software at the speed of ideas, and allowing organizations to respond more quickly to customer needs and market demands.”
Labourey said CloudBees will use the funding by HSBC to bring new innovation to the DevOps market through its modern software delivery suite, grow its strategic partnerships and accelerate its global business growth organically and through M&A.
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