CircleCI Secures $31M in Series C
SAN FRANCISCO, CA, World's leading continuous integration and delivery platform, today announced it has closed a $31 million Series C round of funding.
CircleCI, the world's leading continuous integration and delivery platform, today announced it has closed a $31 million Series C round of funding led by Top Tier Capital Partners alongside Industry Ventures and Heavybit, who join existing investors Scale Venture Partners, Baseline Ventures, Harrison Metal, and DFJ Ventures. Prior to this round, the company had raised a total of $28 million.
"In a few short years, we have become one of the largest build systems on the planet," said Jim Rose, CEO of CircleCI. "With this latest round of funding, we can now harness the incredible data and insights we've collected to invest in prediction and intelligent automation, helping all users of CircleCI build better software, faster. Our mission is to give everyone the ability to build and deliver software at the speed of imagination."
CircleCI delivers scale and speed that is unmatched in the software development industry. With over 7 million builds processed every month, CircleCI is one of the fastest-growing developer tools in the world. Successful companies of all sizes trust CircleCI to build, test, and deploy their software including Spotify, Facebook, Lyft, Autodesk, Adobe, Instacart, Shopify, Percolate, Blue Apron, Kickstarter, Stitch Fix, Coinbase, Zenefits, Heroku, Udemy, Docker, and many others. CircleCI plans to use the new investment to radically reduce the time from idea to delivery via automation and machine learning.
Due to strategic new hires in 2017, CircleCI brought the company's total workforce to more than 120 employees. 2017 also saw a complete replatforming of CircleCI's infrastructure. CircleCI 2.0 has delivered dramatically reduced build times and increased flexibility for customers. Among other signs of momentum, CircleCI logged the following milestones:
7 million builds processed every month (110% year-over-year growth)
Trusted by 300,000 developers (100% year-over-year growth)
100x annual increase in CircleCI 2.0 monthly jobs
Recognized as a Leader in Continuous Integration by Forrester in 2017
"With the rise of microservices architectures and agile product development, CircleCI is well positioned to continue helping developer teams deliver excellent products to consumers," said Garth Timoll, Sr., Managing Director of Top Tier Capital Partners. "We are excited to partner with CircleCI as they enter their next stage of growth while continuing to facilitate a more streamlined testing and software shipping experience for startups and large enterprises across multiple industries."
"CircleCI is transforming how companies build software," said Tom Drummond, Managing Director of Heavybit. "CircleCI replaces cumbersome traditional software development processes with continuous software delivery. Their platform intelligently automates slow and unreliable software builds to let developers quickly and seamlessly take applications from idea to market. We're thrilled to partner with them."
CircleCI is the leading platform for software innovation at scale. With intelligent automation and delivery tools, CircleCI is used by more than 25,000 engineering organizations worldwide, including Facebook, Spotify, GoPro, Blue Apron, Bleacher Report, and Coinbase to radically reduce the time from idea to execution. Founded in 2011 and headquartered in downtown San Francisco with a global remote workforce, CircleCI is venture backed by Scale Venture Partners, DFJ, Baseline Ventures, Top Tier Capital, Industry Ventures, Heavybit and Harrison Metal Capital. Learn more at https://circleci.com.
About Top Tier Capital Partners
Top Tier Capital Partners, LLC (TTCP) is a venture capital specialist managing niche-focused funds of funds. We make primary and secondary investments in venture capital funds and co-invest in select portfolio companies. Our team creates diverse portfolios that are built to spot emerging trends early and to deliver optimal venture returns. For more information visit www.ttcp.com/.
About Industry Ventures
Industry Ventures is a leading venture capital firm that invests into companies and venture capital partnerships directly and via secondary transactions. Founded in 2000, the firm manages over $3 billion and is headquartered in San Francisco with an office in Washington, D.C. For more information, please visit www.industryventures.com.
Heavybit helps developer product companies scale. Based in San Francisco, Heavybit provides support and capital to companies that are shaping the future of software development. For more information, please visit www.heavybit.com.
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