{"id":17175,"date":"2019-07-23T15:06:07","date_gmt":"2019-07-23T15:06:07","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/circleci-closes-56m-series-d-investment-as-market-for-continuous-delivery-expands.html"},"modified":"2019-07-23T15:06:07","modified_gmt":"2019-07-23T15:06:07","slug":"circleci-closes-56m-series-d-investment-as-market-for-continuous-delivery-expands","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/circleci-closes-56m-series-d-investment-as-market-for-continuous-delivery-expands.html","title":{"rendered":"CircleCI closes $56M Series D investment as market for continuous delivery expands"},"content":{"rendered":"

CircleCI<\/a> launched way back in 2011 when the notion of continuous delivery was just a twinkle in most developer\u2019s eyes, but over the years with the rise of agile, containerization and DevOps, we\u2019ve seen the idea of continuous integration and continuous delivery (CI\/CD) really begin to mainstream with developers. Today, CircleCI <\/a> was rewarded with a $56 million Series D investment.<\/p>\n

The round was led by Owl Rock Capital Partners and Next Equity. Existing investors Scale Venture Partners, Top Tier Capital, Threshold Ventures (formerly DFJ), Baseline Ventures, Industry Ventures, Heavybit and Harrison Metal Capital also participated in the round. CircleCI\u2019s most recent funding prior to this round was $31 million Series C last January<\/a>. Today\u2019s investment brings the total raised to $115.5 million, according to the company.<\/p>\n

CircleCI CEO Jim Rose sees a market that\u2019s increasingly ready for the product his company is offering. \u201cAs we\u2019re putting more money to work, there are just more folks that are now moving away from aspiring about doing continuous delivery and really leaning into the idea of, \u2018We\u2019re a software company, we need to know how to do this well, and we need to be able to automate all the steps between the time our developers are making changes to the code until that application gets in front of the customer,’\u201d Rose told TechCrunch.<\/p>\n

Rose sees a market that\u2019s getting ready to explode and he wants to use the runway this money provides his company to take advantage of that growth. \u201cNow, what we\u2019re finding is that FinTech companies, insurance companies, retailers \u2014 all of the more traditional brands \u2014 are now realizing they\u2019re in a software business as well. And they\u2019re really trying to build out the tool sets and the expertise to be effective at that. And so the real growth in our market is still right in front of us,\u201d he said.<\/p>\n

As CircleCI matures and the market follows suit, a natural question following a Series D investment is when the company might go public, but Rose was not ready to commit to anything yet. \u201cWe come at it from the perspective of keeping our heads down trying to build the best business and doing right by our customers. I\u2019m sure at some point along the journey, our investors will be itching for liquidity, but as it stands right now, everyone is really [focussed]. I think what we have found is that the bulk of the market is just starting to arrive,\u201d he said.<\/p>\n

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CircleCI raises $31M Series C for its DevOps platform<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/H_4WBfHinFc\/<\/p>","protected":false},"excerpt":{"rendered":"

CircleCI launched way back in 2011 when the notion of continuous delivery was just a twinkle in most developer\u2019s eyes, but over the years with the rise of agile, containerization <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-17175","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t