INTELLIGENT BRANDS // Cloud
Incredibuild announces US $ 140 million funding package
Software development acceleration platform , Incredibuild has announced a US $ 140 million investment from ScaleUp investor Insight Partners enabling the expansion of Incredibuild ’ s US operations to meet the rapidly growing demand for its software development acceleration technology .
Incredibuild , the software development acceleration platform , has announced a US $ 140 million investment from ScaleUp investor Insight Partners . The investment , which includes both primary and secondary components , will help expand Incredibuild ' s US operations to meet the rapidly growing demand for its software development acceleration technology .
The company , which has been profitable from day one , experienced a 55 % increase in revenue in the past year as businesses seek the ability to build and ship software versions faster without compromising on quality . Lead investor Insight Partners is joining Fortissimo Capital who acquired Incredibuild in 2018 .
Incredibuild provides an out-of-the box platform that harnesses the power of compute to distribute processes across idle power in a network , thereby allowing companies to maintain a competitive edge by releasing better software faster . Built for both the cloud and on-premise environments , Incredibuild helps solve the time to market challenge and reduce compute costs by up to 30 %.
Over 800 customers , including Microsoft , Amazon , Citibank , Barclays , Adobe , Disney , Intel , Samsung , EPIC Games and
Nintendo , use Incredibuild to accelerate the development cycle , from code compilation to testing to release automation . The investment signals strong confidence in the value of Incredibuild ' s technology to its existing customer base and a promise for continued product innovation and strong customer support going forward .
“ In fiercely competitive markets , top quality frequent releases are vital ,” said Tami Mazel Shachar , CEO of Incredibuild , who has been accelerating the company ' s growth since joining a little over a year ago .
“ With the new funding , Incredibuild is poised to expand the market opportunity , enabling companies to maintain their competitive edge . With cloud adoption being paramount , we plan to further scale and evolve our software development acceleration platform for development teams and release managers in verticals such as finance , gaming and the growing AR and VR markets .”
Investor Insight Partners has an impressive track record of scaling up companies in the development space , such as JFrog and Docker . Insight deploys their ScaleUp engine , on-site , to partner with companies across functional business areas to help them become market leaders . Insight Partners ' Managing Directors Teddie Wardi and Lonne Jaffe and Senior Associate Brad Fiedler will be joining Incredibuild ' s board of directors .
“ We firmly believe that Incredibuild has built a crucial technology for any business that wants to develop better software , radically faster ,” said Teddie Wardi , Managing Director at Insight Partners . “ With our long history of investing in the development ecosystem , we are confident that Incredibuild will continue to innovate and build upon their recent momentum .” p
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