CircleCI Reaches $1.7 Billion Valuation with $100 Million in New Financing
11/05/2021
San Francisco, CA May 11, 2021 CircleCI, the leading continuous integration and continuous delivery (CI/CD) platform, today announced it has closed $100 million in Series F financing. CircleCI has raised $315.5 million since 2011, with this latest round bringing the company's valuation to $1.7 billion.
This round was led by Greenspring Associates with participation from Eleven Prime, IVP, Sapphire Ventures, Top Tier Capital Partners, Baseline Ventures, Threshold Ventures, Scale Venture Partners, Owl Rock Capital, and Next Equity Partners.
This new capital will allow us to double down on our focus: offering a best-in-class CI/CD platform to increase developer productivity, said Jim Rose, CEO, CircleCI. It also opens doors for business growth opportunities in three areas that we see as the next frontier of software development: continuous validation, data and insights, and managing software complexity.
Research proves that software tools like CircleCI those that enable greater productivity, visibility, and coordination, are the top contributor to business success. CircleCI helps one million developers and growing to rapidly release code they trust by automating the build, test, and delivery process. As nearly every company in every industry becomes software-based, the pace of change is set to increase.
CircleCI's leading CI/CD platform addresses a critical need for business success in today's digital-first world. Nobody knows developers quite like CircleCI does, and their ability to empower developers to validate change in increasingly complex software delivery environments is unmatched, said John Avirett, General Partner, Greenspring Associates. We invest in leading-edge companies that help their customers work better and deliver value faster and are thrilled to be part of CircleCI's next phase of growth.
Stacey Epstein, known for her involvement in iconic Software-as-a-Service brands, will also join CircleCI's board of directors.
I've been in the enterprise software industry for years and can tell what makes a winning company at this stage. CircleCI has that special combination of massive opportunity and an incredibly strong leadership team that can execute, said Stacey Epstein, CMO, Freshworks, and newest member of CircleCI's board of directors. With experienced veterans from Netflix, SAP, RetailNext, and others - CircleCI is well-positioned to continue on its impressive trajectory, and I look forward to helping make an impact.
The round comes at the same time as CircleCI's acquisition of release orchestration platform, Vamp, further propelling the leading CI/CD provider to help the world's engineering teams automate software delivery at scale.
Since CircleCI's $100 million Series E in April 2020, the company has demonstrated strong momentum including:
A significant platform usage increase, topping 2.5 million jobs processed per day.
Doubling their global employee headcount to 550 and growing.
Major product additions including the CircleCI Insights dashboard, CircleCI runner, and dynamic config, along with added support for Arm, all to further automate the build, test, and release processes so engineering teams can ship software faster and more securely.
The release of educational resources for software teams to increase productivity including The 2020 State of Software Delivery, which details the first-ever benchmarks for high-performing CI/CD, and the CircleCI Developer Hub, an all-in-one CI/CD resource for developers containing an array of efficiency and best-in-class CI/CD tools.
Ranking No. 242 with a 467 percent Compound Annual Growth Rate (CAGR) on Deloitte's Technology Fast 500 , a ranking of the 500 fastest-growing technology companies in North America.
Featured in Forbes Tech Firms to Watch' and Best American Employers' lists.
Winning a 2021 DEVIES Award for Best Innovation in Development Platforms' and being recognized as Best CI/CD Tool' in the 2020 DevOps Dozen awards.
Recognition as a finalist in the DevOps Tool / Product of the Year' category for Computing's DevOps Excellence Awards 2021.
For more information, read this blog and visit: www.circleci.com.
About CircleCI
CircleCI is the leading continuous integration and delivery platform for software innovation at scale. With intelligent automation and delivery tools, CircleCI is used by the world's best engineering teams to radically reduce the time from idea to execution. The company has been recognized as an innovative leader in cloud-native continuous integration by independent research firms and industry awards like the DEVIES, Forbes' Best Startup Employers of the Year, and Deloitte's Technology Fast 500 .
Founded in 2011 and headquartered in downtown San Francisco with a global, remote workforce, CircleCI is venture-backed by Greenspring Associates, Eleven Prime, IVP, Sapphire Ventures, Top Tier Capital Partners, Baseline Ventures, Threshold Ventures, Scale Venture Partners, Owl Rock Capital, Next Equity Partners, Heavybit and Harrison Metal Capital. Learn more at https://circleci.com.
LINK: | https://www.ivp.com/news/press-release/circleci-reaches-1-7-billion-va... |
See more stories from ivp |
Most recent headlines
03/06/2024
Dalet and Veritone Reach Agreement to Distribute, Transact and Monetize Media Archives
Dalet, a leading technology and service provider for media-rich organizations, a...
19/03/2024
Barco announces collaboration with NVIDIA and SoftAcuity to add AI and data analytics applications to the operating room
Mar 18, 2024 Barco announces collaboration with NVIDIA and SoftAcuity to a...
19/03/2024
Hear from New Bulls Manager Morgan Ensberg on latest The Durham Bulls Podcast
Meet the Bulls' new manager, hear from 2 former managers, a former player and a person with a very special connection to Wool E. Bull. Tune in to The Durham...
19/03/2024
What Is Dembow? Tracing the Roots of a Global Phenomenon
What Is Dembow? Tracing the Roots of a Global Phenomenon The story of the dembow beat, which can be found in reggaeton, hip-hop, pop, and far beyond, speaks t...
19/03/2024
Berklee's Roger H. Brown Jr. Building Honored by Boston Society for Architecture
Berklee's Roger H. Brown Jr. Building Honored by Boston Society for Architec...
19/03/2024
Applications Open for 2024 Berklee at Umbria Jazz Clinics
Applications Open for 2024 Berklee at Umbria Jazz Clinics The 39th edition of the program will be held from July 9-21. By Callista Chan March 21, 2024 Ima...
19/03/2024
Smoke and Mirrors: Monday's episode, 18 March 2024 [VIDEO]
Smoke and Mirrors: Monday's episode, 18 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South Afric...
19/03/2024
Umkhokha: The Curse - Monday's episode, 18 March 2024 [VIDEO]
Umkhokha: The Curse - Monday's episode, 18 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South Af...
19/03/2024
Gqeberha: The Empire - Monday's episode, 18 March 2024 [VIDEO]
Gqeberha: The Empire - Monday's episode, 18 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South A...
19/03/2024
Muvhango: Monday's episode, 18 March 2024 [VIDEO]
Muvhango: Monday's episode, 18 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African websit...
19/03/2024
Uzalo: Monday's episode, 18 March 2024 [video]
Uzalo: Monday's episode, 18 March 2024 [video]Stay up to date with the latest episodes of your favourite South African soapie on The South African website. ...
19/03/2024
Generations: The Legacy - Monday's episode, 18 March 2024 [VIDEO]
Generations: The Legacy - Monday's episode, 18 March 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The Sout...
19/03/2024
Skeem Saam: Monday's episode, 18 March 2024 [VIDEO]
Skeem Saam: Monday's episode, 18 March 2024 [VIDEO]Missed an episode of Skeem Saam? No problem! Watch the latest episode of your favourite South African soa...
18/03/2024
USC Basketball Star Juju Watkins on Fashion, Film, Friendship Bracelets, and More
Listeners turn to Spotify to connect with their favorites-from artists and album...
18/03/2024
Young professionals successfully complete vocational training at SGL's Meitingen site
Seven young professionals completed their vocational training at SGL Carbon in M...
18/03/2024
Vintage Allure
Released this past January, the music video for Ariana Grande's yes, and? brings a modern approach to vintage allure. The video was directed by Christian ...
18/03/2024
ST Engineering iDirect Unveils Intuition at SATELLITE 2024 Conference and Exhibition
Global satellite communications leader gives market a first look at its next-gen...
18/03/2024
Box to Box Films shares with MediaSilo
Box to Box Films Shares with MediaSilo Amy and Drive to Survive producer updates collaborators simply and securely Boston, MA, March 18, 2024 - Box to Box Fi...
18/03/2024
Telestream Introduces AI-Powered Tools for Rapid Content Delivery at NAB Show 2024
Telestream Introduces AI-Powered Tools for Rapid Content Delivery at NAB Show 20...
18/03/2024
Docufiction Film Bringing Down a Mountain Edited with DaVinci Resolve Studio
Docufiction Film Bringing Down a Mountain Edited with DaVinci Resolve Studio Brie Clayton March 18, 2024 0 Comments Blackmagic Design today announced ...
18/03/2024
FingerWorks Telestrators Releases Enhancements to Computer Vision Live Tracking Software at NAB 2024
FingerWorks Telestrators Releases Enhancements to Computer Vision Live Tracking ...
18/03/2024
DirecTV to Allow Subscribers to Opt Out of Local Stations
DirecTV announced a new feature over the weekend that will allow its subscribers to opt out of their local stations in return for a discount. Customers who ch...
18/03/2024
Logging and reviewing: Moving towards a sustainable workflow
Jane Sung, COO at Cinedeck, explains how broadcasters and content production companies can achieve the goal of moving towards creating a more sustainable, effic...
18/03/2024
Altice Media sold to French shipping tycoon for 1.55 billion
The deal includes BFM TV, one of the country's largest 24-hour news channels, as well as documentary channel RMC D couverte, and RMC Story By Jenny Priestl...
18/03/2024
Meet the CEO and founder
By TVBEurope Staff Published: March 18, 2024 Nick Franco tells TVBEurope how he went from being a master plasterer and refurbishing the ornate plasterwork ...
18/03/2024
Master the Avatar State: Glowing Eyes in Adobe After Effects
Master the Avatar State: Glowing Eyes in Adobe After Effects Levi Borland March 18, 2024 0 Comments In this step-by-step tutorial, learn how to recrea...
18/03/2024
Next Season of Doctor Who' on Disney Plus May 10
The next season of Doctor Who, with Ncuti Gatwa as the 15th Doctor, premieres on Disney Plus and around the world May 10. It is the first season to launch on Di...
18/03/2024
Screen Australia and VicScreen launch new Screen Careers initiative
18 03 2024 - Media release Screen Australia and VicScreen launch new Screen Careers initiative LTR Denise Eriksen, Esther Coleman Hawkins, Caroline Pitcher, K...
18/03/2024
CBC/WRAL Night Helps Bring in Over $26k for PBS NC
Capitol Broadcasting and WRAL-TV continued a decades-long tradition of supporting PBS North Carolina, our state's public television station, to good result ...
18/03/2024
Tonight on My Brother's Keeper: Nomusa leaves Moketsi's house in a rush
Tonight on My Brother's Keeper: Nomusa leaves Moketsi's house in a rushDon't miss Monday, 18 March's riveting episode of South African soapie My...
18/03/2024
Tonight on House of Zwide: Zola discovers she's pregnant
Tonight on House of Zwide: Zola discovers she's pregnantDon't miss Monday, 18 March's riveting episode of South African soapie House of Zwide on e.t...
18/03/2024
Big Brother Mzansi 4: Papa Ghost secures back-to-back Head of House wins
Big Brother Mzansi 4: Papa Ghost secures back-to-back Head of House winsPapa Ghost has clinched consecutive victories as Head of the House in the latest edition...
18/03/2024
NVIDIA Edify Unlocks 3D Generative AI, New Image Controls for Visual Content Providers
NVIDIA Edify, a multimodal architecture for visual generative AI, is entering a ...
18/03/2024
From Atoms to Supercomputers: NVIDIA, Partners Scale Quantum Computing
The latest advances in quantum computing include investigating molecules, deploying giant supercomputers and building the quantum workforce with a new academic ...
18/03/2024
New NVIDIA Storage Partner Validation Program Streamlines Enterprise AI Deployments
A sharp increase in generative AI deployments is driving business innovation for...
18/03/2024
NVIDIA Unveils Digital Blueprint for Building Next-Gen Data Centers
Designing, simulating and bringing up modern data centers is incredibly complex, involving multiple considerations like performance, energy efficiency and scala...
18/03/2024
Generative AI Developers Harness NVIDIA Technologies to Transform In-Vehicle Experiences
Cars of the future will be more than just modes of transportation; they'll b...
18/03/2024
All Eyes on AI: Automotive Tech on Full Display at GTC 2024
All eyes across the auto industry are on GTC - the global AI conference running in San Jose, Calif., and online through Thursday, March 21 - as the world's ...
18/03/2024
All Aboard: NVIDIA Scores 23 World Records for Route Optimization
With nearly two dozen world records to its name, NVIDIA cuOpt now holds the top spot for 100% of the largest routing benchmarks in the last three years. And thi...
18/03/2024
We Created a Processor for the Generative AI Era,' NVIDIA CEO Says
Generative AI promises to revolutionize every industry it touches - all that's been needed is the technology to meet the challenge. NVIDIA founder and CEO ...
18/03/2024
Banglalink Gets Unified Licence to Deliver Superior Digital Services in Bangladesh
18 Mar 2024 Banglalink Gets Unified Licence to Deliver Superior Digital Service...
18/03/2024
Thuraya partners with Niflink to deliver telemedicine and eLearning to users across its network
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
18/03/2024
Thuraya partners with Niflink to deliver telemedicine and eLearning to users across its ne...
Abu Dhabi, 18 March, 2024 : Abu Dhabi, 18 March 2024: Thuraya Telecommunication...
18/03/2024
Major League Soccer: IMG on Capturing Fan Rituals and Delivering Consistent Coverage
Major League Soccer: IMG on capturing fan rituals and delivering consistent cove...
18/03/2024
Smashing Padel: Inside Aurora's Innovative Production of the Inaugural Hexagon Cup
Smashing padel: Inside Aurora's innovative production of the inaugural Hexag...
18/03/2024
Airspeeder Teams Up With EMG for World's First Live Broadcast of Flying Car Series
Airspeeder teams up with EMG for world's first live broadcast of flying car ...
18/03/2024
Netflix Announces News About 26 Upcoming Nordic Titles - Including 12 Brand New Titles
Back to All News Netflix Announces News About 26 Upcoming Nordic Titles - Inclu...
18/03/2024
Final sprint in the AS4 market communication
Final Sprint in the AS4 Market Communication: All Arvato Systems Customers Are Ready to Go Customers for market communication AS4-ready Arvato Systems is now...
18/03/2024
Tonight on Uzalo: Nkunzi takes a drastic decision
Tonight on Uzalo: Nkunzi takes a drastic decisionDon't miss Monday, 18 March's riveting episode of South African soapie Uzalo on SABC 1 on DStv channel ...
18/03/2024
Thales to modernize Montreal Mtro blue Line,improving passengers' punctuality and train reliability
Facebook Twitter LinkedIn Following a call for tenders, the Soci t de tra...