CloudBees Raises $245 Million in Series F Financing
December 09, 2021

CloudBees closed a $150 million Series F financing round at a pre-money valuation of $1 billion. The company also closed a $95 million debt facility to accelerate growth.

The financing was led by client vehicles advised by Goldman Sachs Asset Management Private Credit (“Goldman Sachs Asset Management”), with new investments from funds affiliated with Morgan Stanley Private Credit (“Morgan Stanley”) and Bridgepoint Capital, along with repeat investors HSBC, Golub Capital, and Delta-v Capital.

The new capital will be used by CloudBees to advance and accelerate product innovation, recruit and develop talent, expand its footprint in markets like Asia Pacific, and broaden its global and regional partnerships.

“CloudBees shapes the way some of the most sophisticated businesses deliver software and innovation to their customers. It’s how enterprises compete and win in a world that is transformed by the continuous delivery of meaningful, secure, and compliant digital experiences,” said Stephen DeWitt, CloudBees CEO. “This investment round will help CloudBees achieve new levels of innovation, attract and grow talent, and expand globally. One thing, however, will remain the same: our hyper-focus on guiding enterprise customers – operating at immense scale in the most demanding, complex and multi-cloud environments – to reimagine the way they build their platforms for software delivery.”

“CloudBees' customers are moving beyond the notion of just DevOps to enabling all teams involved in delivering software – engineering, operations, security, and beyond – to continuously improve customer experiences,” said Eric Riley from Goldman Sachs Asset Management. “We see an inflection point of market opportunity, and are pleased to support the company, its leadership team, and their customers in their digital transformation journeys.” The financing includes both equity and debt instruments.

In 2021, CloudBees brought on new executive leadership, including CEO Stephen DeWitt who joined the company in February. CloudBees has attracted new executive team members with deep experience in scaling high-growth enterprise software companies, including at SAP, Splunk, Cobalt, RedHat, Cloudera, PayPal, Automation Anywhere, HP, HSBC, Cisco, Symantec, and Chegg.

Share this

Industry News

January 16, 2025

Mendix, a Siemens business, announced the general availability of Mendix 10.18.

January 16, 2025

Red Hat announced the general availability of Red Hat OpenShift Virtualization Engine, a new edition of Red Hat OpenShift that provides a dedicated way for organizations to access the proven virtualization functionality already available within Red Hat OpenShift.

January 16, 2025

Contrast Security announced the release of Application Vulnerability Monitoring (AVM), a new capability of Application Detection and Response (ADR).

January 15, 2025

Red Hat announced the general availability of Red Hat Connectivity Link, a hybrid multicloud application connectivity solution that provides a modern approach to connecting disparate applications and infrastructure.

January 15, 2025

Appfire announced 7pace Timetracker for Jira is live in the Atlassian Marketplace.

January 14, 2025

SmartBear announced the availability of SmartBear API Hub featuring HaloAI, an advanced AI-driven capability being introduced across SmartBear's product portfolio, and SmartBear Insight Hub.

January 14, 2025

Azul announced that the integrated risk management practices for its OpenJDK solutions fully support the stability, resilience and integrity requirements in meeting the European Union’s Digital Operational Resilience Act (DORA) provisions.

January 14, 2025

OpsVerse announced a significantly enhanced DevOps copilot, Aiden 2.0.

January 13, 2025

Progress received multiple awards from prestigious organizations for its inclusive workplace, culture and focus on corporate social responsibility (CSR).

January 13, 2025

Red Hat has completed its acquisition of Neural Magic, a provider of software and algorithms that accelerate generative AI (gen AI) inference workloads.

January 13, 2025

Code Intelligence announced the launch of Spark, an AI test agent that autonomously identifies bugs in unknown code without human interaction.

January 09, 2025

Checkmarx announced a new generation in software supply chain security with its Secrets Detection and Repository Health solutions to minimize application risk.

January 08, 2025

SmartBear has appointed Dan Faulkner, the company’s Chief Product Officer, as Chief Executive Officer.

January 07, 2025

Horizon3.ai announced the release of NodeZero™ Kubernetes Pentesting, a new capability available to all NodeZero users.

January 06, 2025

GitHub announced GitHub Copilot Free.