CloudBees Raises $245M in Series F and Debt Financing

CloudBees, a San Jose, Calif.-based software delivery platform for enterprises, closed a $150m Series F financing round at a pre-money valuation of $1 billion and closed a $95m debt facility.

The financing was led by client vehicles advised by Goldman Sachs Asset Management Private Credit (Goldman Sachs Asset Management), with new investments from funds affiliated with Morgan Stanley Private Credit (Morgan Stanley) and Bridgepoint Capital, along with repeat investors HSBC, Golub Capital, and Delta-v Capital.

The company intends to use the funds to advance and accelerate product innovation, recruit and develop talent, expand its presence in markets like Asia Pacific, and broaden its global and regional partnerships.

Founded in 2010 by Stephen DeWitt, CEO, CloudBees provides a software delivery platform for enterprises, enabling them to continuously innovate, compete, and win in a world powered by the digital experience. The platform, which also connects with other tools, enables software development organizations to deliver scalable, compliant, governed, and secure software from the code a developer writes to the people who use it.

CloudBees has a decade-long history of being the go-to software delivery provider for enterprises, including Autodesk, Broadridge, Capital One, DZ BANK, Fidelity Investments, HSBC, IHG, Morningstar, Pegasystems, Salesforce, Social Security Administration, The Hartford, the United States Air Force, and the United States Citizenship and Immigration Services.