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CloudBees Revenue, Valuation, Funding & Investors
CloudBees is valued at $1.1B as of December 2021, a 7.7x multiple on its last reported $150M revenue.
Last CloudBees valuation
$1.1B
Series F · Dec 2021
Last CloudBees funding round
$150M
Series F · Dec 2021
CloudBees revenue
$150M
Series F · Dec 2021
Key investors in CloudBees
Lightspeed Venture Partners
Matrix Partners
Verizon Ventures
HSBC
Blue Cloud Ventures
Delta-v Capital
About CloudBees
CloudBees is a San Francisco-based provider of enterprise DevOps platforms built on Jenkins for continuous integration and delivery pipelines. Its solutions include CloudBees CI for scalable builds, CloudBees CD for automated deployments, and CloudBees Security Advisor for compliance scanning. The platform supports hybrid cloud environments across AWS, Azure, and Google Cloud, serving Fortune 500 companies in finance, healthcare, and telecom sectors. CloudBees partners with Red Hat OpenShift and Puppet for enhanced orchestration. Acquired by Francisco Partners in 2021, the company operates globally with development teams in Europe and Asia.
Founded
2010
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$150M (Dec 2021)
Valuation
$1.1B (Dec 2021)
CloudBees Valuation
CloudBees is currently valued at $1.1B, based on its Series F in December 2021.
The $150M round was led by Goldman Sachs Asset Management, with participation from Morgan Stanley Private Credit, Bridgepoint Group, HSBC, Delta-v Capital and Golub Capital.
CloudBees' valuation has grown 5.8x from $197M at its Series D in January 2015 to $1.1B in December 2021, across 2 priced rounds.
CloudBees valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2021 | Series F | $1.1B | 7.7x |
| Jan 2015 | Series D | $197M | - |
CloudBees Revenue
CloudBees' latest recorded revenue is $150M, as of its Series F in December 2021. At a $1.1B valuation, that implies a 7.7x revenue multiple.
CloudBees revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2021 | $150M | $1.1B | 7.7x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
CloudBees Funding History
CloudBees has raised a total of $222M across 4 funding rounds.
CloudBees' first fundraising round was a $11M Series C in March 2014. The most recent completed round was a $150M Series F in December 2021.
CloudBees funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series F | Goldman Sachs Asset Management (lead); Morgan Stanley Private Credit; Bridgepoint Group; HSBC; Delta-v Capital; Golub Capital | $150M | $1.1B | CloudBees is a San Jose-based software delivery platform for enterprises, founded in 2010 by Stephen DeWitt. The company enables software development organizations to deliver scalable, compliant, governed, and secure software across the entire development lifecycle, connecting with other enterprise tools and serving major customers including Autodesk, Broadridge, Capital One, Fidelity Investments, HSBC, Salesforce, and the United States Air Force. In December 2021, CloudBees closed a Series F financing round raising $150 million in equity at a pre-money valuation of $1 billion, achieving unicorn status. The round was led by client vehicles advised by Goldman Sachs Asset Management Private Credit, with participation from Morgan Stanley Private Credit, Bridgepoint Capital, HSBC, Golub Capital, and Delta-v Capital. Alongside the equity round, the company also closed a $95 million debt facility. The total combined capital raised in this financing was $245 million. CloudBees planned to use the proceeds to advance product innovation, recruit and develop talent, expand into the Asia Pacific market, and broaden global and regional partnerships. By late 2021, CloudBees had increased its employee count by 70 percent to over 500 people and announced new products across continuous integration, continuous delivery, release orchestration, feature management, analytics, and continuous compliance. The company had also acquired strategic companies including CodeShip, Electric Cloud, Rollout, and Neuralprints to bolster its product portfolio. CloudBees was recognized as a G2 Enterprise Leader for continuous integration across 10 consecutive quarters and claimed the number one position in feature management as of Fall 2021. |
| Jun 2018 | Series E | Delta-v Capital (lead); HSBC; Matrix Partners; Lightspeed Venture Partners; Verizon Ventures; Golub Capital; Unusual Ventures | $37M | - | CloudBees is an enterprise-focused DevOps platform built on the open-source Jenkins automation server, providing continuous integration and delivery solutions to large organizations. The company extended Jenkins with enterprise features and expanded its product offerings through acquisitions, including Codeship, which provided an additional hosted continuous integration and delivery platform. In June 2018, CloudBees closed a $62 million funding round combining $37 million in equity financing led by Delta-v Capital and $25 million in growth financing from Golub Capital's Late Stage Lending, with participation from existing investors including Matrix Partners, Lightspeed Ventures, Unusual Ventures, and Verizon Ventures. At the time of the announcement, the post-money valuation was not publicly disclosed. CloudBees had achieved significant traction with 46 of the Fortune 100 enterprises and three of the Fortune 10 as customers. The company had raised over $100 million in total funding since its 2010 founding and used the proceeds to acquire smaller players and expand market share in the competitive DevOps sector. |
| Jan 2015 | Series D | Lightspeed Venture Partners (lead); Matrix Partners; Verizon Ventures; Blue Cloud Ventures | $24M | $197M | CloudBees, the Enterprise Jenkins Company and continuous delivery leader founded in 2010 by former JBoss CTO Sacha Labourey, announced a $23.5 million Series D funding round on January 27, 2015, led by Lightspeed Venture Partners with participation from Matrix Partners, Verizon Ventures, and Blue Cloud Ventures. This brought total funding to just under $50 million across prior rounds of $4 million, $10.5 million, and $10.8 million. The capital was intended to fuel expansion, meet growing demand for Jenkins-based solutions worldwide, capture market share, and launch new products in the continuous delivery space. At the time, CloudBees had shifted from a Java-centric Platform-as-a-Service to focusing on enterprise solutions around the open-source Jenkins continuous integration engine, offering plug-ins for security and availability, plus a cloud-based Jenkins service. Customers included Northrop Grumman, Hyatt Hotels, EMC, Cisco, and the Federal Reserve. The company positioned itself as the leader in continuous delivery amid accelerating adoption as software transformed industries. |
| Mar 2014 | Series C | Verizon Ventures (lead); Matrix Partners; Lightspeed Venture Partners; Blue Cloud Ventures | $11M | - | CloudBees, an enterprise platform as a service (PaaS) provider specializing in continuous delivery and Jenkins-based solutions, closed an $11.2 million Series C funding round on March 5, 2014, led by Verizon Ventures with participation from existing investors Matrix Partners and Lightspeed Venture Partners, plus new investor Blue Cloud Ventures. This brought total funding to $25.7 million since the company's founding in 2010. The round followed a partnership with Verizon to integrate CloudBees PaaS into Verizon Cloud. Proceeds funded product enhancements, sales expansion, brand reach, and support for over 40 channel partners including systems integrators and software consultants. CloudBees aimed to accelerate enterprise cloud application development and delivery through PaaS and continuous delivery capabilities. The investment aligned with growing enterprise adoption of cloud services. Verizon Ventures highlighted PaaS's role in speeding cloud adoption, while CloudBees CEO Sacha Labourey emphasized the platform's centrality in transforming application building and deployment processes. |
Who has invested in CloudBees?
11 investors have backed CloudBees across its funding rounds, including Lightspeed Venture Partners, Matrix Partners, Verizon Ventures, HSBC, Blue Cloud Ventures and Delta-v Capital.
Lead investors include Goldman Sachs Asset Management, Delta-v Capital, Lightspeed Venture Partners and Verizon Ventures.
CloudBees Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Participant | Mar 2014 | ||
| 3 | Lead | Mar 2014 | ||
| 3 | Lead | Mar 2014 | ||
| 2 | Participant | Jun 2018 | ||
| 2 | Lead | Jun 2018 | ||
| 2 | Participant | Jun 2018 | ||
| 2 | Participant | Mar 2014 | ||
| 1 | Participant | Dec 2021 | ||
| 1 | Participant | Dec 2021 | ||
This data is available for Pro users. Sign up to see all 11 CloudBees investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by CloudBees
CloudBees has acquired 5 companies to date.
Last acquisition by CloudBees was on August 7th 2024. CloudBees acquired Launchable for undisclosed valuation.
Latest Acquisitions by CloudBees
| Description | Mountain View-based Launchable is a machine learning platform that predicts test outcomes to optimize CI/CD pipelines. Integrated as a SaaS layer, it prioritizes tests likely to find defects, reducing build times and enabling teams to ship software faster while maintaining quality through integrations with Jenkins, GitHub Actions, and major test frameworks. | ReleaseIQ is a software platform that optimizes release management and deployment processes for engineering teams. It tracks deployment frequency, lead time, and delivery pipelines through analytics tools integrated with CI/CD systems like Jenkins and GitHub. Founded in 2018 and based in Tel Aviv, the company supports enterprises such as Fortune 500 firms in software delivery metrics, enabling data-driven improvements in speed and reliability across hybrid cloud environments. | Rollout.io is a feature management solution for engineering teams. It enables post-deployment control, targeting features to specific audiences while monitoring KPIs. San Francisco-headquartered, the platform serves clients like Twilio and protects against outages through gradual rollouts. | Electric Cloud is a Mountain View-headquartered leader in DevOps release automation software. The company delivers ElectricFlow platform for continuous delivery in web, mobile, and embedded systems, used by Cisco, GE, Intel, and Lockheed Martin. Acquired by CloudBees in 2019, it automates builds, tests, and deployments at enterprise scale across hybrid clouds. | |
| HQ Country | |||||
| HQ City | San Jose, CA | San Jose, CA | Tel Aviv | San Jose, CA | |
| Deal Date | 7 Aug 2024 | 28 Sep 2022 | 11 Jun 2019 | 18 Apr 2019 | |
| Valuation | undisclosed | undisclosed | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all CloudBees acquisitions and their M&A valuation multiples. Start Free Trial | |||||
CloudBees Competitors
CloudBees competitors include listed companies like C3.ai and GitLab, and private ones like CAST AI, Spectro Cloud, Port and CircleCI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $800M | - | ||
| Private | - | - | $1.7B | - | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x | ||
| Publicly listed | $955M | ($82M) | $8.4B | 6.7x |
CloudBees Public Comps
CloudBees is still privately-owned, but its public comps include PagerDuty, Odine, Beijing Topnew Info, Systena, E2E Networks, Richinfo Technology, Rackspace, cyber_Folks, Boost Run and Qt Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
| $39M | $3M | 29.9x | - | 339.8x | - | |||
| $39M | ($4M) | 29.7x | - | (325.1x) | - | |||
| $607M | $107M | 1.4x | 1.4x | 7.9x | - | |||
| $26M | $14M | 49.8x | 24.8x | 91.6x | 36.2x | |||
| $273M | $51M | 4.3x | 4.6x | 22.8x | 18.3x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $226M | $72M | 5.1x | 4.3x | 16.1x | 13.0x | |||
This data is available for Pro users. Sign up to see all CloudBees competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CloudBees
| When was CloudBees founded? | CloudBees was founded in 2010. |
| Where is CloudBees headquartered? | CloudBees is headquartered in San Jose, CA, United States. |
| Is CloudBees publicly listed? | No, CloudBees is a private, VC-backed company. |
| What is CloudBees' valuation? | CloudBees was last valued at $1.1B in its Series F in December 2021. |
| How much funding has CloudBees raised? | CloudBees has raised $222M across 4 funding rounds. |
| What was CloudBees' last funding round? | CloudBees' last funding round was a $150M Series F in December 2021, led by Goldman Sachs Asset Management. |
| Who are CloudBees' investors? | CloudBees' investors include Matrix Partners, Lightspeed Venture Partners, Verizon Ventures, HSBC, Delta-v Capital, Golub Capital, Blue Cloud Ventures, Morgan Stanley Private Credit, Bridgepoint Group, Goldman Sachs Asset Management and 1 other. |
| What is CloudBees' revenue? | CloudBees' latest recorded revenue is $150M (December 2021). |
| What is CloudBees' revenue multiple? | CloudBees' latest valuation implies a 7.7x revenue multiple ($1.1B valuation on $150M of revenue). |
| Which companies are comparable to CloudBees? | Companies comparable to CloudBees include CAST AI, Spectro Cloud, Port, CircleCI, C3.ai and GitLab. |
| How many companies has CloudBees acquired? | CloudBees has acquired 5 companies, including Launchable, Releaseiq, Rollout.io, Electric Cloud and Codeship. |
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