CloudBees, a US-based, enterprise platform-as-a-service (PaaS) technology provider for developers to build and deploy new business applications, has closed a $11.2m series C financing round led by Verizon Ventures, the investment arm of Verizon Communications, and including existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.
The series C funding brings the total investment in CloudBees to $25.7m.
The new funds will be used to roll out additional product capabilities, fund sales expansion and extend 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.”
“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,” said Sacha Labourey, founder and chief executive officer of CloudBees.