US-based coding technology provider Codefresh received $27m in series C funding yesterday from investors including software producer Microsoft’s corporate venture capital subsidiary, M12.
VC fund Red Dot Capital Partners led the round, which also featured online lending marketplace CreditEase’s CreditEase Israel Innovation Fund, Shasta Ventures, Vertex Ventures, Viola Ventures and Hillsven.
Founded in 2014, Codefresh has created a continuous integration, continuous delivery (CI/CD) coding system for open-source container-orchestration software product Kubernetes. The company said it will put the series C proceeds into company growth.
The round increased Codefresh’s total funding to $42m. Microsoft subsidiary M12 led its $8m series B round in mid-2018 which also featured CreditEase Israel Innovation Fund and existing investors Viola Ventures and Hillsven.
Red Dot Capital Partners managing partner Yaniv Stern is joining Codefresh’s board of directors while ShastaVentures partner Isaac Roth will be part of its advisory board. Its earlier backers include Streamlined Ventures and UpWest Labs.
