Copado, a Chicago, IL-based DevOps platform for large digital transformations, raised $140m in Series C financing, at a valuation approaching $1.2 billion.
The round, which brought total funds invested in the company to $257m, was led by Insight Partners with participation from new investors SoftBank Vision Fund 2, Declaration Partners and DG Ventures, as well as existing investors Salesforce Ventures, ISAI Cap Venture (Capgemini and ISAI joint fund), Lead Edge Capital, and Perpetual Investors, as well as strategic investor IBM Ventures.
The company intends to use the funds to expand its DevOps and AI-enabled testing solutions across the enterprise SaaS platforms, accelerate international growth, particularly into the Asia-Pacific (APAC) market.
Led by Ted Elliott, Chief Executive Officer, and Philipp Rackwitz, Chief Strategy Officer, Copado is a DevOps platform to manage cloud deployments, simplify the release process, increase developer productivity, and automate security and compliance. Copado DevOps 360™ includes Value Planning, Continuous Delivery, Automated Testing, Security and Compliance. More than 1,000 companies run on Copado including Boston Scientific, Coca-Cola, Fair Trade, Linde, MassMutual, Schneider Electric and Shell.
FinSMEs
13/09/2021