Incredibuild Acquisition, Valuation, Funding & Investors
Incredibuild was acquired by Insight Partners for $140M in March 2021.
Incredibuild acquisition price
$140M
Acquired by Insight Partners · Mar 2021
Incredibuild revenue
$20M
Series B · Jun 2022
Cumulative funding Incredibuild raised
$35M
across 1 funding round
Key investors in Incredibuild
Insight Partners
Hiro Capital
About Incredibuild
Incredibuild is a distributed computing platform that accelerates software development tasks like compilations, CI/CD pipelines, and testing. Based in Tel Aviv, Israel, the company deploys Virtual Distributed Processing across on-premises and cloud environments to utilize idle CPUs from over 500,000 machines worldwide. Established in 2002, Incredibuild supports workflows for game developers, automotive firms, and electronics manufacturers, integrating with tools such as Visual Studio, Unreal Engine, and Jenkins. Its build caching reduces compute costs by up to 80 percent in hybrid setups.
Founded
2002
HQ
Tel AvivWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$20M (Jun 2022)
Valuation
$800M (Jun 2022)
Incredibuild Acquisition
Incredibuild was acquired by Insight Partners for $140M on 17 March 2021.
Before the acquisition Incredibuild had raised $35M across 1 funding round.
Incredibuild is an Israeli software company that provides a development acceleration platform using distributed processing to speed up CPU-intensive tasks like code compilation for developers and DevOps teams, serving clients such as Microsoft, Amazon, Citibank, Adobe, Disney, Intel, Samsung, EPIC Games, and Nintendo. On March 17, 2021, Insight Partners invested $140 million in Incredibuild, consisting of a significant portion to acquire shares from existing investor Fortissimo Capital—which had bought over 90% of the company in 2018 for $30 million—and the remainder as primary investment into the company. The transaction made Insight Partners the controlling shareholder, with its managing directors Teddie Wardi and Lonne Jaffe, plus senior associate Brad Fiedler, joining the board. The funds were earmarked to expand Incredibuild's U.S. operations amid growing demand driven by cloud transformation and the need for faster software development cycles. This followed a year of 55% revenue growth and came after Fortissimo's initial investment at a $35 million valuation. Incredibuild had operated profitably for years without external funding prior to Fortissimo's acquisition and was already generating significant cash flow. Sources indicate post-deal valuations ranged from $200 million to $400 million, reflecting the company's strong momentum in the DevOps and software acceleration market.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 17 Mar 2021 | PE buyout | $140M |
Incredibuild Valuation
Incredibuild is currently valued at $800M, based on its Series B in June 2022.
The $35M round was led by Hiro Capital, with participation from Insight Partners.
Incredibuild valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Series B | $800M | 40.0x |
Incredibuild Revenue
Incredibuild's latest recorded revenue is $20M, as of its Series B in June 2022. At a $800M valuation, that implies a 40.0x revenue multiple.
Incredibuild revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $20M | $800M | 40.0x | Series B |
* 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.
Incredibuild Funding History
Incredibuild has raised a total of $35M across 1 funding round.
Incredibuild funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series B | Hiro Capital (lead); Insight Partners | $35M | $800M | Incredibuild, an Israeli company providing a hybrid development acceleration platform for developers and DevOps teams, particularly in gaming, software development, AI, and metaverse sectors, raised $35 million in a Series B funding round on June 27, 2022, led by Hiro Capital with participation from existing investor Insight Partners. The funding aims to drive innovation, expand operations across industries, enhance the supercomputing platform, and support product development, community, developer relations, and cloud programs. Customers include major gaming firms like Epic, EA, Nintendo, Sony, Microsoft, Tencent, Take-Two, Konami, Capcom, WB Games, as well as Adobe and Citibank, totaling around 1,000 customers. The round followed a doubling of ARR and significant revenue growth, significantly increasing the company's valuation, with sources indicating a near-doubling from the prior $300-400 million range in the March 2021 $140 million investment (which included primary and secondary components led by Insight Partners, joining Fortissimo Capital) to approximately $800 million. Incredibuild has demonstrated strong traction, remaining profitable since inception and achieving 55% revenue growth in the year prior to 2021 funding. Recent partnerships with AWS and Microsoft integrate Incredibuild's gaming stacks to accelerate cloud transformations. The investment validates the platform's role in reducing development times, costs, and overhead for high-quality application releases amid developer capacity pressures in gaming and beyond. Hiro Capital's focus on video games, creator platforms, and metaverse aligns with Incredibuild's expansion strategy. |
Who has invested in Incredibuild?
2 investors have backed Incredibuild across its funding rounds, including Insight Partners and Hiro Capital.
Lead investors include Hiro Capital.
Incredibuild Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Start Free TrialAcquisitions by Incredibuild
Incredibuild has acquired 2 companies to date.
Last acquisition by Incredibuild was on November 3rd 2025. Incredibuild acquired Kypso for undisclosed valuation.
Latest Acquisitions by Incredibuild
| Description | Kypso is a developer workflow platform combining automation, AI-driven task management, incident alerting, and code quality insights. It integrates with GitHub, Jira, and Slack to streamline CI/CD pipelines, detect bugs pre-deployment, and manage support tickets for engineering teams. San Francisco-headquartered since 2022, Kypso serves DevOps groups at mid-sized tech firms with features for on-call scheduling and post-incident reviews. | Garden is a Kubernetes-native CI/CD platform headquartered in Tel Aviv, Israel, enabling developers to create ephemeral testing environments for microservices. It supports integration tests, preview deployments, and troubleshooting in production-like clusters, integrating with GitHub, GitLab, and cloud providers like AWS and GCP. The open-source Garden Core powers workflows for over 1,000 enterprises, while the enterprise edition adds team management and advanced actions. |
| HQ Country | |  |
| HQ City | Tel Aviv | Berlin |
| Deal Date | 3 Nov 2025 | 4 Nov 2024 |
| Valuation | undisclosed | $65M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Incredibuild acquisitions and their M&A valuation multiples. Start Free Trial | ||
Incredibuild Competitors
Incredibuild competitors include listed companies like GitLab and JFrog, and private ones like Port, tray.io, CloudBees and CircleCI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Tel Aviv | Private | - | - | $800M | - | |
 San Francisco, CA | Private | $70M | - | $600M | 8.6x | |
| San Jose, CA | Private | $150M | - | $1.1B | 7.7x | |
| San Francisco, CA | Private | - | - | $1.7B | - | |
| United States | Publicly listed | $955M | ($82M) | $8.4B | 6.7x | |
| United States | Publicly listed | $532M | ($67M) | $12B | 17.4x |
Incredibuild Public Comps
Incredibuild is no longer listed, but its public comps include Horizon Quantum, Qt Group, Hanwang Technology Co, PagerDuty, Insyde Software, Shandong Cvicse, Suresofttech, Intercede Group, ZeroStack and Duiba Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
| $53M | $14M | 5.3x | 5.2x | 19.6x | 19.5x | |||
| $22M | ($2M) | 8.0x | - | (112.8x) | - | |||
| $68M | $10M | 2.3x | - | 16.3x | - | |||
| $23M | $5M | 3.3x | 3.0x | 15.0x | 12.7x | |||
This data is available for Pro users. Sign up to see all Incredibuild competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Incredibuild
| When was Incredibuild founded? | Incredibuild was founded in 2002. |
| Where is Incredibuild headquartered? | Incredibuild is headquartered in Tel Aviv, Israel. |
| Is Incredibuild publicly listed? | No, Incredibuild was acquired by Insight Partners in March 2021. |
| Who acquired Incredibuild? | Incredibuild was acquired by Insight Partners in March 2021. |
| How much was Incredibuild acquired for? | Incredibuild was acquired for $140M in March 2021. |
| What is Incredibuild's valuation? | Incredibuild was last valued at $800M in its Series B in June 2022. |
| How much funding has Incredibuild raised? | Incredibuild has raised $35M across 1 funding round. |
| What was Incredibuild's last funding round? | Incredibuild's last funding round was a $35M Series B in June 2022, led by Hiro Capital. |
| Who are Incredibuild's investors? | Incredibuild's investors include Insight Partners and Hiro Capital. |
| What is Incredibuild's revenue? | Incredibuild's latest recorded revenue is $20M (June 2022). |
| What is Incredibuild's revenue multiple? | Incredibuild's latest valuation implies a 40.0x revenue multiple ($800M valuation on $20M of revenue). |
| Which companies are comparable to Incredibuild? | Companies comparable to Incredibuild include Port, tray.io, CloudBees, CircleCI, GitLab and JFrog. |
| How many companies has Incredibuild acquired? | Incredibuild has acquired 2 companies, including Kypso and Garden. |
| What was the largest acquisition by Incredibuild? | The $65M acquisition of Garden in November 2024 is the largest acquisition Incredibuild has made to date. |
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