CloudBees, Inc., the Enterprise Platform as a Service (PaaS) innovation leader, today announced it has closed an $11.2 million Series C financing round. The round was led by Verizon Ventures, the investment arm of Verizon Communications Inc. The round also included existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.
Founded in 2010, CloudBees is a recognized leader in Platform as a Service technology and in its enterprise support and features for Jenkins continuous integration and delivery. The Series C funding brings the total investment in CloudBees to $25.7 million. The new funds will be used to drive continued revenue growth by rolling out additional product capabilities, fund sales expansion and extend the reach of the CloudBees brand. READ MORE