CloudBees Raises $ 245 Million in Series F and Debt Funding
CloudBee, a business software delivery platform based in San Jose, Calif., closed a $ 150 million Series F financing round at a pre-monetary valuation of $ 1 billion and closed a facility of debt of $ 95 million.
Funding 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, as well as regular HSBC investors , Golub Capital, and Delta-v Capital.
The company intends to use the funds to advance and accelerate product innovation, recruit and develop talent, expand its presence in markets such as Asia-Pacific, and expand its global and regional partnerships.
Founded in 2010 by Stephen DeWitt, CEO, CloudBees provides a platform for delivering software to businesses, enabling them to continuously innovate, compete and win in a world fueled by the digital experience. The platform, which also connects to other tools, enables software development organizations to deliver scalable, compliant, governed, and secure software from code that a developer writes to the people who use it.
CloudBees has been the preferred software provider for businesses for ten years, including Autodesk, Broadridge, Capital One, DZ BANK, Fidelity Investments, HSBC, IHG, Morningstar, Pegasystems, Salesforce, Social Security Administration, The Hartford, Army United States Air and United States Citizenship and Immigration Services.