CloudBees secures $11.2m series C funding, strengthens Verizon play

PaaS provider CloudBees has secured series C funding to the tune of $11.2m (£6.7m), in a round of investment led by Verizon Ventures.

The latest round puts the total investment at $25.7m (£15.4m), with Verizon joining existing investors Matrix Partners and LightSpeed Venture Partners, as well as new investor Blue Cloud Ventures.

According to CloudBees CEO Sacha Labourey, the money will be used in two capacities – increasing go-to-market capability in different geographies, as well as further investment in the product, with particular focus on its enterprise product, Jenkins.

“We are getting great traction especially around Jenkins, and there is demand from large organisations to scale their environment and help us get more efficient at managing big companies’ delivery environment,” he told CloudTech.

According to Labourey, the enterprise expertise only plays a small part in what makes CloudBees appealing to the venture capitalists.

“A lot of the …