CircleCI Valuation, Funding & Investors
CircleCI is valued at $1.7B as of May 2021.
Last CircleCI valuation
$1.7B
Series F · May 2021
Last CircleCI funding round
$100M
Series F · May 2021
Cumulative funding CircleCI raised
$315M
across 8 funding rounds
Key investors in CircleCI
Scale Venture Partners
Harrison Metal
Baseline Ventures
Threshold
Top Tier Capital Partners
Blue Owl Capital Corp.
About CircleCI
CircleCI is a San Francisco-headquartered continuous integration platform automating build, test, and deployment workflows for software teams at companies including Facebook, Spotify, and Nike. Founded in 2011, it offers orb-based reusable configurations, parallel execution on Linux and Windows runners, and deployment to Kubernetes and AWS.
Founded
2011
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.7B (May 2021)
CircleCI Valuation
CircleCI is currently valued at $1.7B, based on its Series F in May 2021.
The $100M round was led by Greenspring Associates, with participation from IVP, Top Tier Capital Partners, Blue Owl Capital Corp., Scale Venture Partners, Baseline Ventures and 5 other investors.
CircleCI valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series F | $1.7B |
CircleCI Funding History
CircleCI has raised a total of $315M across 8 funding rounds.
CircleCI's first fundraising round was a $2M seed round in February 2013. The most recent completed round was a $100M Series F in May 2021.
CircleCI funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2021 | Series F | Greenspring Associates (lead); IVP; Top Tier Capital Partners; Blue Owl Capital Corp.; Scale Venture Partners; Baseline Ventures; Sapphire Ventures; Threshold; Empede Capital; NextEquity Partners; Eleven Prime | $100M | $1.7B | CircleCI is a leading continuous integration and continuous delivery (CI/CD) platform founded in 2011 and headquartered in San Francisco, enabling developers to automate build, test, and deployment processes for faster, more reliable software releases. The company serves over 1 million developers, processes more than 2.5 million jobs per day, and counts major clients like Facebook, Coinbase, Sony, Kickstarter, GoPro, and Spotify. In May 2021, CircleCI closed a $100 million Series F funding round led by Greenspring Associates, with participation from Eleven Prime, IVP, Sapphire Ventures, Top Tier Capital Partners, Baseline Ventures, Threshold Ventures, Scale Venture Partners, Owl Rock Capital (now Blue Owl Capital), and Next Equity Partners, bringing its post-money valuation to $1.7 billion and total funding raised to approximately $315.5 million across all rounds since inception. The financing supports CircleCI's focus on enhancing its CI/CD platform to boost developer productivity, particularly in continuous validation, data insights, and managing software complexity amid accelerating software delivery demands. Concurrently, CircleCI acquired Vamp, a release orchestration platform founded in 2013 in Amsterdam, to integrate self-driving and self-healing release capabilities, with Vamp's 15-person team joining CircleCI's over 550 employees. CEO Jim Rose emphasized the early-stage potential in the development space, positioning CircleCI to create centers of gravity in DevOps amid industry-wide software transformation. Stacey Epstein, experienced in SaaS from brands like Freshworks, joined the board, while General Partner John Avirett of Greenspring Associates highlighted CircleCI's unmatched developer insights and execution by a veteran team from Netflix, SAP, and RetailNext. The round follows a $100 million Series E in 2020 led by IVP, reflecting sustained investor confidence in CircleCI's market leadership in CI/CD tools critical for business success in a digital-first world. |
| Apr 2020 | Series E | IVP (lead); Blue Owl Capital Corp.; Scale Venture Partners; Sapphire Ventures | $100M | - | - |
| Jul 2019 | Series D | Blue Owl Capital Corp. (lead); Industry Ventures; Top Tier Capital Partners; Heavybit; Scale Venture Partners; Baseline Ventures; Threshold; NextEquity Partners; Harrison Metal | $56M | - | CircleCI raised a Series D funding round of $56 million in July 2019, matching the specified investors including lead Blue Owl Capital Corporation, Baseline Ventures, Harrison Metal, Heavybit, Industry Ventures, NextEquity Partners, Scale Venture Partners, Threshold, and Top Tier Capital Partners. The company provides a continuous integration and continuous delivery (CI/CD) platform that automates build, test, and deploy processes for software teams, headquartered in San Francisco and founded in 2011. Total funding across all rounds accumulated to $315 million by later dates. The platform operates on a usage-based SaaS model with compute credits for pipeline activities, supporting cloud and on-premises deployments for enterprise customers. A Forrester study highlighted benefits like 664% ROI, 10% developer productivity increase worth $4.3M over three years, and 50% infrastructure cost reductions worth $2.2M, but these are customer composite impacts, not CircleCI's own financials. CircleCI's growth positioned it in the devtools market with competition from GitHub, CloudBees, and Copado, emphasizing scalability for engineering teams. |
| Jan 2018 | Series C | Top Tier Capital Partners (lead); Industry Ventures; Heavybit; Scale Venture Partners; Baseline Ventures; Threshold; Harrison Metal | $31M | - | CircleCI is a continuous integration and continuous delivery (CI/CD) platform that automates software building, testing, and deployment processes, offering both hosted and on-premise solutions for developers and enterprises. At the time of its $31 million Series C funding round announced on January 17, 2018, the company served 25,000 customers including GoPro, Spotify, Blue Apron, Lyft, Facebook, Coinbase, Docker, Heroku, and Change.org, with 300,000 developers using the platform—a 100% year-over-year increase—and processing over 7 million builds per month. The Series C round was led by Top Tier Capital Partners, with participation from new investors Industry Ventures and Heavybit, alongside existing backers Scale Venture Partners, Harrison Metal Ventures, DFJ Ventures, and Baseline Ventures. This brought CircleCI's total funding to approximately $56.5 million to $59 million across prior rounds including a $18 million Series B in 2016, $6 million Series A in 2014, and earlier seed funding. CircleCI positioned itself as a key player in the DevOps space alongside competitors like Travis CI, Jenkins, and Codeship, capitalizing on trends in microservices and agile development to streamline software delivery. CEO Jim Rose highlighted the funding's role in leveraging data insights for prediction and intelligent automation to help users build better software faster. Customers like Coinbase adopted the enterprise offering for improved test run balancing. Post-Series C, CircleCI continued growth, raising a $56 million Series D in 2019 led by Owl Rock Capital and NextEquity Partners, expanding its customer base to include Samsung, Ford, HashiCorp, and others, and eventually reaching $315 million in total funding by 2021. |
| May 2016 | Series B | Scale Venture Partners (lead); Baseline Ventures; Threshold; Harrison Metal | $18M | - | CircleCI, a continuous integration and continuous delivery platform founded in 2011, raised $18 million in its Series B funding round on May 16, 2016, led by Scale Venture Partners with participation from Baseline Ventures, Harrison Metal, and DFJ. This brought the company's total funding to $28 million at the time. The funds were intended to drive product development, expand operations for a global customer base, and support sales and infrastructure for SaaS and Enterprise solutions. CircleCI Enterprise, an on-premises CI/CD solution, and CircleCI for OS X were recent product launches enabling secure code lifecycle management behind firewalls. Since its Series A in 2014, CircleCI grew from over 1,000 to 100,000 developers and organizations, emphasizing unified self-service tools for DevOps practices that accelerate release cycles from days to minutes. |
| Sep 2015 | Series A | - | $3M | - | CircleCI raised a $2.5 million Series A funding round on September 1, 2015. The company provides a continuous integration and continuous delivery (CI/CD) platform. This followed a prior $6 million Series A in February 2014 and a $1.5 million seed round. |
| Feb 2014 | Series A | Harrison Metal | $6M | - | CircleCI, founded in 2011 and headquartered in San Francisco, provides a continuous integration and continuous delivery (CI/CD) platform that automates build, test, and deploy processes to enable rapid software releases. The company serves developers and organizations, including major customers like Facebook, Spotify, and Sony. In 2014, CircleCI raised a $6 million Series A round with participation from Harrison Metal, marking a key early-stage financing following seed and venture rounds in 2013 and 2012. This brought early momentum to the DevOps-focused startup. Subsequent rounds included a $18 million Series B in 2016 led by Scale Venture Partners with Harrison Metal participating, and a $31 million Series C, pushing total funding to $59 million by then. |
| Feb 2013 | Seed | Baseline Ventures (lead); Harrison Metal (lead); SV Angel; Hiten Shah; Jason Seats; James Lindenbaum; Eric Ries; Adam Wiggins; DCVC; 500 Global | $2M | - | - |
Who has invested in CircleCI?
22 investors have backed CircleCI across its funding rounds, including Scale Venture Partners, Harrison Metal, Baseline Ventures, Threshold, Top Tier Capital Partners and Blue Owl Capital Corp..
Lead investors include Greenspring Associates, IVP, Blue Owl Capital Corp., Top Tier Capital Partners, Scale Venture Partners and 2 other investors.
CircleCI Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | May 2016 | |
| San Francisco, CA | 5 | Lead | Feb 2013 | |
| San Francisco, CA | 5 | Lead | Feb 2013 | |
| San Francisco, CA | 4 | Participant | May 2016 | |
| San Francisco, CA | 3 | Lead | Jan 2018 | |
| New York City, NY | 3 | Lead | Jul 2019 | |
| San Francisco, CA | 2 | Participant | Jan 2018 | |
| San Francisco, CA | 2 | Lead | Apr 2020 | |
| San Francisco, CA | 2 | Participant | Jan 2018 | |
| Austin, TX | 2 | Participant | Apr 2020 | |
| San Francisco, CA | 2 | Participant | Jul 2019 | |
| Baltimore, MD | 1 | Lead | May 2021 | |
| San Francisco, CA | 1 | Participant | Feb 2013 | |
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Start Free TrialAcquisitions by CircleCI
CircleCI has acquired 3 companies to date.
Last acquisition by CircleCI was on March 9th 2022. CircleCI acquired Ponicode for undisclosed valuation.
Latest Acquisitions by CircleCI
| Description | Ponicode is an AI-powered testing tool for JavaScript developers that integrates directly into IDEs like Visual Studio Code. It automates test suite generation for Jest, React Testing Library, and other frameworks, eliminating setup complexities such as configuration debates. Paris-headquartered since its 2020 founding, Ponicode runs in the background, generating tests on demand while preserving existing workflows. Acquired by Codeium in 2023, it supports teams building web applications by accelerating test coverage without altering development environments. | VAMP from Magnetic.io is an open-source orchestration platform for containerized microservices, enabling canary deployments, blue-green releases, and auto-scaling. It integrates with Kubernetes, DC/OS, Rancher, and Docker to facilitate progressive delivery and high availability in production environments. DevOps teams use VAMP to test new versions on subsets of traffic, minimizing risks and downtime while optimizing performance metrics. | Distiller is a cloud-based CI/CD platform for iOS mobile apps, automating builds, tests, and deployments from GitHub repositories. Integrated with TestFlight and HockeyApp, it enables one-click over-the-air distribution for beta testing. Acquired by Bitrise, Distiller supports development teams in rapid iteration cycles. |
| HQ Country |  |  | |
| HQ City | Paris | Amsterdam | San Francisco, CA |
| Deal Date | 9 Mar 2022 | 11 May 2021 | 17 Dec 2014 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all CircleCI acquisitions and their M&A valuation multiples. Start Free Trial | |||
CircleCI Competitors
CircleCI competitors include listed companies like GitLab and JFrog, and private ones like CloudBees, LaunchDarkly, Sentry and Port.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Jose, CA | Private | $150M | - | $1.1B | 7.7x | |
| San Francisco, CA | Private | - | - | $3B | - | |
| San Francisco, CA | Private | $128M | - | $3B | - | |
 Tel Aviv | Private | - | - | $800M | - | |
| United States | Publicly listed | $955M | ($82M) | $8.4B | 6.7x | |
| United States | Publicly listed | $532M | ($67M) | $12B | 17.4x |
CircleCI Public Comps
CircleCI is still privately-owned, but its public comps include Progress Software, C3.ai, Justsystems, PagerDuty, Qt Group, Horizon Quantum, Hanwang Technology Co, Insyde Software, Shandong Cvicse and Suresofttech.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $53M | $14M | 5.3x | 5.2x | 19.6x | 19.5x | |||
This data is available for Pro users. Sign up to see all CircleCI competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CircleCI
| When was CircleCI founded? | CircleCI was founded in 2011. |
| Where is CircleCI headquartered? | CircleCI is headquartered in San Francisco, CA, United States. |
| Is CircleCI publicly listed? | No, CircleCI is a private, VC-backed company. |
| What is CircleCI's valuation? | CircleCI was last valued at $1.7B in its Series F in May 2021. |
| How much funding has CircleCI raised? | CircleCI has raised $315M across 8 funding rounds. |
| What was CircleCI's last funding round? | CircleCI's last funding round was a $100M Series F in May 2021, led by Greenspring Associates. |
| Who are CircleCI's investors? | CircleCI's investors include Scale Venture Partners, Baseline Ventures, Harrison Metal, Threshold, Top Tier Capital Partners, Blue Owl Capital Corp., Industry Ventures, IVP, Heavybit, Sapphire Ventures and 12 others. |
| Which companies are comparable to CircleCI? | Companies comparable to CircleCI include CloudBees, LaunchDarkly, Sentry, Port, GitLab and JFrog. |
| How many companies has CircleCI acquired? | CircleCI has acquired 3 companies, including Ponicode, Vamp.io and Distiller. |
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