Electric Cloud, a Sunnyvale, CA-based provider of Continuous Delivery products, services and expertise, raised an additional $4m tranche of Series E funding.
Backers included existing investors Siemens’ Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures and Rembrandt Venture Partners.
The company, which had raised an initial $8m Series round in September 2013 (read here), is using the funds to continue to grow operations.
Led by Steve Brodie, CEO, Electric Cloud provides Continuous Delivery solutions which aim to automate and accelerate the process of software delivery. The company’s products help development organizations speed time-to-market, increase developer productivity, and improve software quality. They are used by companies across a variety of industries, including financial services, ISVs, mobile devices, semiconductors and transactional websites.
The company has a global staff of more than 120 employees.
FinSMEs
22/04/2014