CloudBees raises $150 mn to accelerate product innovation

CloudBees, a leading software delivery platform for enterprises, has raised $150 million in a Series F financing round.
Dollar spending on technology
The company also closed a $95 million debt facility to accelerate growth.

The funding was led by client vehicles advised by Goldman Sachs Asset Management, with investments from funds affiliated with Morgan Stanley and Bridgepoint Capital, along with repeat investors HSBC, Golub Capital, and Delta-v Capital.

CloudBees aims to use the investment in order to advance and accelerate product innovation, recruit and develop talent, expand its footprint in markets like Asia Pacific, and broaden its global and regional partnerships.

CloudBees has 21 customers with annual recurring revenue greater than $1 million. 41 percent of CloudBees’ customers have annual revenue above $1 billion and 26 percent have more than 10,000 employees.

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