HSBC Banks on DevOps, Invests $10M in CloudBees
SAN JOSE, Calif.--(BUSINESS WIRE)--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 billion 1 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+ million 2 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.
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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CONTACT: Sydney Holmquist
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