CircleCI was founded on a simple vision: to make developers more productive. Today represents an important milestone for CircleCI, as we announce our $18M Series B financing round that we’re confident will set the stage for continued growth in this year and beyond. The round was led by Scale Venture Partners with participation from existing investors DFJ, Baseline Ventures and Harrison Metal.
Our dance card was full this round, and Scale Venture Partners perfectly suited our company in both market and culture fit. I’m pleased to welcome Andy Vitus, from Scale Venture Partners to the CircleCI Board of Directors.
The market is uncertain right now, but in the face of uncertainty, good businesses are being built and financed. We want to be there for the next generation of great companies to build on CircleCI. Our funding announcement sends a strong message to our team, our users, and our partners that validates our leadership position and direction in our market.
This funding allows us to grow our company in accordance with our values: a focus on productivity, a company-wide commitment to speak and listen to our customers, and to continue to build stellar products for smart software teams. These are core to what we do at CircleCI and they will remain core as we continue our trend of growth.
CircleCI joins an impressive list of Scale Venture Partners portfolio companies, including Chef, Box and DocuSign. “We are in the midst of a transformation to the software delivery pipeline, mainly driven by the demands for speed as enterprises move toward releasing code daily and hourly. As complexity rises, enterprises large and small have new demands for speed, assurances of quality, and automation, making the software delivery phases a critical business driver,” said Andy Vitus, CircleCI Board Member and Partner at Scale Venture Partners. “CircleCI is at the core of helping modern organizations build software across languages in a single interface. We look forward to working with them as they continue their rapid growth.”
Since our Series A funding led by DFJ in February 2014 we have grown from just over 1,000 to 100,000 developers and organizations that rely on us for every commit. And that is not an accident. We have put our energy into building the best unified self-service continuous integration and continuous delivery tool on the market, and our growth is validation that we’ve achieved what we set out to do.
We believe you are the company you keep, in addition to scaling our company to meet this demand, we have witnessed the best software teams driving today’s top companies use CircleCI, from Facebook and GoPro to Kickstarter and Spotify.
So, what will we do with all that money? We will continue to drive product development for our SaaS and Enterprise solutions, hire more profoundly talented people, and expand operations to support our growing global customer base.
Thank you to every user, developer, partner, and friend who has helped us get here today. We wouldn’t be here if it weren’t for you.
PS: We’ve achieved our success to date by hiring smart people who care deeply about our customers. We have more work ahead of us and we’re looking for the right people to help us.