CircleCI is determined to change the IT universe. And now, they have raised $58 million to do so. This San Francisco based DevOps startup is becoming one of the biggest competitors in the DevOps tools industry.
So, this time on Coding as Creating, we’ll take a look at the story of their recent successful fund-raising plan.
On July 23, Business Insider reported that the DevOps startup is ready for another fund-raising process. Soon after, CircleCI was able to raise roughly $58 million to help make the ambitious dreams of the company come true.
So, let’s see who are these million-dollar people before inspecting their ideas for the future of software development.
What’s CircleCI Anyway?
It’s a DevOps startup co-founded in 2012 by Paul Biggar and Allen Rohner. The Company offers a CI/CD service to developers and developmental teams seeking automation.
According to the official website of CircleCI, their service “allows teams to rapidly release code they trust by automating the build, test, and delivery process.”
So, simply stated, the company offers a faster and cheaper automation process to developers and software development companies.
The Cost of Using CircleCI services Is Acceptable
G2.com previously inspected the costs of using CircleCI services. According to their research, Premium Support Options start from $2,000 per month. So, this DevOps startup is suggesting a cost-effective automation service that is going to revolutionize the industry in the next few years.
Jim Rose, a member of the CircleCI Board of Directors, in an interview with Business Insider, pointed out that the market for CD tools will grow to $3.85 billion by 2023.
Thus, it’s easy to predict how optimistic the company is about the future of their business.
They Raised $58 Million and Got $115.5 Million
Right now, backed by so many huge names of the industry (e.g. Owl Rock Capital, NextEquity Partner, and Scale VP) CircleCI has raised $115.5 million.
The recent fund-raising strategy was the D-phase of their main roadmap to enlarge the numbers in their bank account.
As Rose stated in his interview with the Business Insider, there are more customers each day, and the CircleCI wants to have enough money to give them what they want.
However, CircleCI seems to have a clear plot for what they’ve raised as they’re already planning to invest in new technologies.
The Company Is Going to Change the Software Development Industry
As one of the main parts of the CircleCI strategy for the recent fund, the company will invest in data gathering and intelligence-related technologies.
This is an approach to provide the customers (users) with more insights about what they do on this platform. Plus, according to Rose, such technologies will help users to compare their build with other jobs to find better solutions.
The data and intelligence technologies will help CircleCI create a pattern of how, when, and why companies/developers deploy new codes. This will probably lead to the creation of a database to help any coder design the next step based on the previous successes or failures in the system.
CircleCI Is Growing and Offering Jobs to All the Talented DevOps Engineers
This DevOps startup is growing rapidly and that means they’re in need of some fresh blood.
CircleCI is trying to hire 50+ DevOps engineers and developers to put the last touches on its 250-membered team.
You can apply for their job opportunities no matter where you live. That’s because the company wants to grow globally and it already has employees on 5 different continents.
Check out their website at www.circleci.com for more information.
More DevOps news on Coding as Creating: A Software Engineer Forced Chef to Rescind a Government Contract | Here’s the Full Story