Welcome!

@DevOpsSummit Authors: Liz McMillan, Yeshim Deniz, Zakia Bouachraoui, Pat Romanski, Elizabeth White

News Feed Item

Electric Cloud Completes Over-Subscribed $12 Million Round of Funding

Electric Cloud's focus and success helping Internet-based and enterprise software organizations adopt and scale Continuous Delivery leads current investors to increase support for fast-growing company

SUNNYVALE, Calif., April 22, 2014 /PRNewswire/ -- Electric Cloud (www.electric-cloud.com), the leader for Continuous Delivery products, services and expertise, today announced an additional $4 million tranche of funding from its current group of investors, including Siemens' Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners. The additional funding reflects Electric Cloud's continued growth and market leadership in Continuous Delivery – a design practice used in software development to automate and accelerate the process of software delivery. The funding comes on the heels of an initial $8 million round in September 2013, bringing the total Series E round size to an over-subscribed $12 million.

"Continuous Delivery is critical for software organizations that want to accelerate the delivery of quality code as a means of better serving customers and gaining a competitive advantage," said Douglas Schrier, General Partner, Rembrandt Venture Partners. "The investment upside for us in Electric Cloud is significant, as the company has industry-leading technology, a growing roster of global Internet and enterprise customers and a seasoned management team ready to lead the Continuous Delivery market today and for years to come."

The company's focus and success is demonstrated by strong growth and record bookings, closing 2013 with outstanding momentum, a host of new customers in the energy, gaming, big data and space exploration industries, including Shell Oil, Epic Games, Splunk and SpaceX, a growing global staff of more than 120 employees, and continued recognition by industry influencers, like Gartner as a leader in one of the hottest market segments in software development. Electric Cloud's family of complementary products enables organizations to deliver better software faster, a mandate for a growing number of business, education and government institutions.

"As Agile and DevOps initiatives extend deeper within Internet-based and enterprise software organizations, the demand for Continuous Delivery automation continues to drive growth for our company," said Steve Brodie, CEO for Electric Cloud. "Closing our over-subscribed Series E funding round will accelerate not only company growth but also new levels of innovation that will help customers deliver better software more efficiently than ever before."

Share this: [email protected] closes oversubscribed Series E round of $12 M to lead #ContinuousDelivery market (www.electric-cloud.com)

About Electric Cloud
Electric Cloud delivers solutions that automate and accelerate the software delivery process. The company's award-winning products help development organizations speed time-to-market, boost developer productivity, and improve software quality while leveraging the operational efficiencies provided by virtual cloud infrastructures. Leading companies across a variety of industries, including financial services, ISVs, mobile devices, semiconductors and transactional websites, rely on Electric Cloud's software delivery solutions. For more information, visit www.electric-cloud.com.

Media Contact:
Jeremy Douglas
Catapult PR
(303) 581-7760, ext. 16
[email protected]

SOURCE Electric Cloud

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@DevOpsSummit Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will detail these pain points and explain how cloud can address them.
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might slip up with the wrong focus, how to manage change and risk in all three areas, what is possible and what is not, where to start, and especially how new structures, processes, and technologies can help drive a new DevOps culture.
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Lee Atchison, Principal Cloud Architect and Advocate at New Relic, discussed how this same philosophy can be applied to highly scaled applications, and can dramatically increase your resilience to failure.
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regulatory scrutiny and increasing consumer lack of trust in technology in general.