Copado, a Chicago, U.S-based leading DevOps platform powering some of the world's largest digital transformations, raised $140 million in Series C financing, bringing the total funds invested in the company to $257 million.
The round was led by Insight Partners with new investors SoftBank Vision Fund 2, Declaration Partners, and DG Ventures with existing investors Salesforce Ventures, ISAI Cap Venture (Capgemini and ISAI joint fund), Lead Edge Capital, and Perpetual Investors. Strategic investor IBM Ventures also participated in the round and will provide global expertise to the company as it expands its international presence.
Copado will use the new funding to expand its DevOps and AI-enabled testing solutions across the leading enterprise SaaS platforms driving today's digital transformation projects.
Company: Copado Solutions, S.L.
Raised: $140.0M
Round: Series C
Funding Month: September 2021
Lead Investors: Insight Partners
Additional Investors: SoftBank Vision Fund 2, Declaration Partners, DG Ventures, Salesforce Ventures, ISAI Cap Venture (Capgemini and ISAI joint fund), Lead Edge Capital, and Perpetual Investors and IBM Ventures
Company Website: https://www.copado.com/
Software Category: DevOps platform
About the Company: Copado is the leading DevOps platform enabling some of the world's largest digital transformations in the cloud. Backed by Insight Partners and Salesforce Ventures, Copado accelerates cloud deployments, simplifies the release process, increases developer productivity, automates security and compliance, and maximizes return on cloud investments. Copado DevOps 360™ includes Value Planning, Continuous Delivery, Automated Testing, Security, and Compliance. More than 1,000 companies run on Copado including Boston Scientific, Coca-Cola, Fair Trade, Linde, MassMutual, Schneider Electric, and Shell. Copado processes over 50 million DevOps transactions per month and is rated with a 100% score on the Salesforce AppExchange.
Source: https://finance.yahoo.com/news/copado-raises-140-million-series-113000920.html