Tag: cloudbees
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CloudBees Increases Size of DevOps War Chest
CloudBees has increased the pool of dollars it is aggregated to drive further consolidation across the DevOps sector by $10 million, thanks to an investment from HSBC. The investment comes on the heels of $62 million in funding that CloudBees raised last year, which brings the total amount invested in the company since 2010 to now more than $120 million.
CloudBees CEO Sacha Labourey said that funding announced this week will be used for, among other things, adding more products and services to the CloudBees portfolio via acquisition. CloudBees last month revealed it acquired Electric Cloud, a provider of a continuous delivery platform for both monolithic and microservices-based applications.
Labourey said the HSBC investment represents of vote of confidence on two levels: Banks tend to be more conservative when it comes to investing in IT companies, and HSBC has already adopted CloudBees’ open source Jenkins continuous integration/continuous delivery (CI/CD) platform.
Citing industry analysts’ estimates, CloudBees says the DevOps sector is currently valued at $4.61 billion. Within that sector, CloudBees estimate there are more than 15 million developers using some instance of Jenkins to automate their software delivery pipelines and 46 of Fortune 100 enterprises—including three of the Fortune 10—rely on the CloudBees Suite to implement Jenkins.
While CloudBees clearly is a dominant provider of DevOps tools and platforms, the category is starting to draw attention from financially well-heeled vendors such as VMware. The virtualization platform arm of Dell Technologies earlier this month announced it will acquire Bitnami, a provider of tools for packaging applications that has gained a following among DevOps proponents.
That wave of acquisitions coincides with a major shift from monolithic to microservices-based application development. CloudBees launched Jenkins X to provide a CI/CD platform optimized specifically for microservices. But just because CloudBees and Jenkins were able to dominate the first DevOps wave, it doesn’t necessarily follow that Jenkins X will be widely adopted as a de facto standard for building microservices applications. Competition to provide the CI/CD platform for next-generation cloud-native applications based on microservices is already considerable.
In the meantime, traditional enterprise IT organizations will continue to monitor with interest merger and acquisition activity across the DevOps sector. Enterprise IT organizations tend to be wary of standardizing on development tools and platforms when there’s a chance the provider of that tool might be acquired by another vendor or entity they’d rather not work with. On the plus side, all the money being invested in DevOps startups is one of the primary reasons why DevOps is one of the most vibrant category in all of IT.
It remains to be seen which company or tool will come out on top. But the contest will be fierce. The ultimate beneficiary of that competition is almost always the end customer—assuming, of course, they bet on the right DevOps horses in the first place.
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HSBC BANKS ON DEVOPS, INVESTS $10M IN CLOUDBEES
Leading DevOps Provider Has Raised More than $120M in Funding Since 2010
LONDON – May 21, 2019 – CloudBees, an enterprise DevOps leader powering the continuous economy, today announced that it has secured a $10 million capital investment from HSBC, one of the world’s largest banking and financial services organizations. Today’s announcement is a follow-on to CloudBees’ recent $62 million growth capital round last year, bringing total funding in the company to over $120 million.
HSBC currently uses CloudBees Core platform technologies to accelerate its overall software delivery system. HSBC said the investment in CloudBees underscores the importance of DevOps in the bank’s business and technology future.
“We invest in technologies which are strategically important to our business, and which help us serve our customers better,” said Dinesh Keswani, chief technology officer, Shared Services, HSBC. “The DevOps market is growing fast, as organizations like us drive automation, intelligence and security into the way we deliver software. CloudBees is already a strategic business partner of HSBC; we are excited by our investment and by the opportunity to be part of the story of continuous delivery.”
The $4.61 billion1 DevOps industry is growing rapidly as companies rely more and more on software to continuously improve their products and overall business. CloudBees serves growing enterprise demand for governance, flexibility and scale by offering an end-to-end continuous software delivery system designed to accelerate development and delivery while minimizing risk. An estimated 15+ million2 software developers use Jenkins to automate their software delivery pipelines, and 46 of Fortune 100 enterprises, including three of the Fortune 10, use the CloudBees Suite to transform their businesses for the continuous economy.
“This investment is indicative of the importance leading companies, such as HSBC, are placing on DevOps,” said Sacha Labourey, CEO and co-founder of CloudBees. “DevOps is the new way to deliver software, enabling organizations to deliver software at the speed of ideas, and allowing organizations to respond more quickly to customer needs and market demands.”
Labourey said CloudBees will use the funding by HSBC to bring new innovation to the DevOps market through its modern software delivery suite, grow its strategic partnerships and accelerate its global business growth organically and through M&A.
1 Growth estimates from Grandview Research in their Development to Operations (DevOps) Market Size, Share & Trends Analysis Report 2018-2025.
2 A recent Datanyze analysis showed that 68 percent of continuous integration is being done on Jenkins. With an estimated 23 million developers, globally, according to Evans Data in its Global Developer Population and Demographics Study, approximately 15 million developers are using Jenkins.
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About CloudBees
CloudBees is powering the continuous economy by offering the world’s first end-to-end continuous software delivery management system (SDM). For millions of developers and product teams driving innovation for businesses large or small, SDM builds on continuous integration (CI) and continuous delivery (CD) to enable all functions and teams within and around the software delivery organization to best work together to amplify value creation.
CloudBees is the CI, CD and application release orchestration (ARO) powerhouse, built on the commercial success of its products as well as its open source leadership. CloudBees is the largest contributor to Jenkins and Jenkins X, and a founding member of the Continuous Delivery Foundation (CDF). From startups with full-stack developers practicing NoOps to large Fortune 100 companies, CloudBees enables all software-driven organizations to intelligently deploy the right capabilities at the right time.
Over 3,500 of the world’s best-known brands and over 50% of the Fortune 500, invest in CloudBees because of its ability to work across any cloud, in any development environment and to balance corporate governance and control with developer flexibility and freedom. CloudBees is home to the world’s leading DevOps experts, helping thousands of companies harness the power of “continuous everything” and putting them on the fastest path from great idea, to great software, to great business value.
Backed by Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, Delta-v Capital, Golub Capital and Unusual Ventures, CloudBees was founded in 2010 by former JBoss CTO Sacha Labourey and an elite team of continuous integration, continuous delivery and DevOps professionals. Follow CloudBees on Twitter, Facebook and LinkedIn.
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