DevOps firm CloudBees gets capital injection from HSBC
CloudBees, an enterprise DevOps company, has secured a $10 million capital investment from HSBC.
This follows CloudBees’ recent $62 million growth capital round last year, bringing total funding for the company to over $120 million.
HSBC currently uses CloudBees Core platform technologies to accelerate its overall software delivery system. HSBC says 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,” says Dinesh Keswani, chief technology officer, Shared Services, HSBC. “The DevOps market is growing fast, as organisations like us drive automation, intelligence and security into the way we deliver software.”
“This investment is indicative of the importance leading companies, such as HSBC, are placing on DevOps,” says Sacha Labourey, CEO and co-founder of CloudBees. “DevOps is the new way to deliver software, enabling organisations to deliver software at the speed of ideas, and allowing organisations 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 through mergers and acquisitions.
