CloudBees bags $10m Capital Investment from HSBC

BFSI News

CloudBees-bags-10m-Capital-Investment-from-HSBC CloudBees bags $10m Capital Investment from HSBCCloudBees, a San Jose, California-based enterprise DevOps firm, as per recent reports this week, secured $10 million in capital investment from HSBC, a London-based multinational banking and financial services holding company. Last year, the company raised $62 million in growth capital investment, and with this recent $10 million investment from HSBC, CloudBees has to date raised a total of $120 million in investment funding.

Reports are that HSBC is currently using CloudBees’ Core platform technologies to boost its overall software delivery system. In its remarks, HSBC says that its recent investment in CloudBees underscores the importance of DevOps in securing the bank’s business and technology future.

“We invest in technologies which are strategically important to our business, and which help us serve our customers better,” states Dinesh Keswani, Chief Technology Officer – Shared Services, HSBC. “The DevOps market is growing fast, as organizations like us drive automation, intelligence, and security into the way we deliver software.”

“This investment is indicative of the importance, leading companies, such as HSBC, are placing on DevOps,” states Sacha Labourey, CEO and co-founder of CloudBees. “DevOps is the new way to deliver software, enabling organizations to deliver software at the speed of ideas, and allowing organizations to respond more quickly to customer needs and market demands.”

Labourey said CloudBees will be utilizing the recent HSBC funding to pave way for new innovations and solutions for the DevOps market by leveraging its modern software delivery suite, along with building strategic partnerships and pave way for new global business opportunities through mergers and acquisitions.