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CloudBees secures £6.2m for its PaaS technology

The firm says its platform can be used to speed up application development

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CloudBees today announced it has secured $11.2 million (£6.2 million) for its Platform-as-a-Service (PaaS) technology that aims to speed up the development of applications.

The Belgium-headquartered firm claims that its AWS-based PaaS enables Java developers to build and test mobile and web applications more quickly than they would if they did it in-house as it means they don’t have to worry about the underlying infrastructure they're working on. 

The round was led by Verizon Ventures, the investment arm of Verizon Communications Inc. It also included existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.

CloudBees said the latest investment will be used to roll out additional product capabilities, fund sales expansion and extend the reach of the CloudBees brand.

“Enterprise cloud application development and delivery is an innovative space that’s growing quickly,” said Dan Keoppel, executive director of Verizon Ventures and Verizon’s observer to the CloudBees board. “As enterprises rush to adopt cloud services, PaaS speeds that adoption.”

Sacha Labourey, founder and chief executive officer of CloudBees, claimed: “PaaS and continuous delivery are transforming the way enterprises create business applications and deliver value to the business by accelerating the way applications are built and deployed.”

The Series C funding brings the total investment in CloudBees to $25.7 million (£15.3 million).



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