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CloudBees Raises $11.2 Million in Series C Funding Round Led by Verizon Ventures

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Java PaaS CloudBees announced on Wednesday that it has raised $11.2 million in a Series C funding round led by Verizon Ventures, the teleco’s venture capital arm.

The investment comes a couple weeks after Verizon Enterprise Solutions announced availability of CloudBees on the beta release of its Verizon Cloud.

Existing investors Matrix Partners and Lightspeed Ventures participated in the CloudBees funding round, and new investor Blue Cloud Ventures joined them.

Since its founding in 2010, CloudBees has raised $25.7 million. It will use the latest funding round to expand product capabilities and sales footprint, as well as extend the reach of the CloudBees brand.

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

CloudBees allows developers to build and test apps on its platform, which focuses on Java and supports JVM-based languages including Spring, Jruby, Grails, Groovy and others.

“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,” Sacha Labourey, founder and chief executive officer of CloudBees said. “CloudBees is at the center of this evolution and we are excited to have a group with the stature of Verizon Ventures lead our Series C investment round. We will invest in initiatives that continue to improve our platform and strengthen our go to market capabilities.”

The investment isn’t all that surprising given CloudBees availability on Verizon Cloud, but it does have some wondering what is to come of Verizon’s partnership with Cloud Foundry, the multi-cloud PaaS. According to GigaOM, Verizon spokesman Kevin King said Cloud Foundry will remain a “critical strategic partner for delivering cloud services,” among other cloud partners including OnApp.

About the Author

Nicole Henderson is the Editor in Chief of the WHIR, where she covers daily news and features online. She has a bachelor of journalism from Ryerson University in Toronto. You can find her on Twitter @NicoleHenderson.

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