Codefresh Bags $27 Million Round
July 6, 2020
Codefresh secured $27M in new funding led by Red Dot Capital Partners
with participation from Shasta Ventures and existing investors. Total
funding for Codefresh has now more than doubled to $42M. In a blog post,
Codefresh CEO Raziel Tabib shared details of how this new round of
funding will be used to make “big investments into open source,
continuous delivery, and more”. Codefresh launched as the first
continuous integration and delivery (CI/CD) platform for Kubernetes and
has grown dramatically with adoption from DevOps teams at Epic Games,
Gap, Vivint, TBS, and many others.
Yaniv Stern, Managing Partner at Red Dot Capital Partners will join the
Codefresh board of directors and Isaac Roth, partner at Shasta Ventures
will join the advisory board. Roth previously led the creation and
growth of Red Hat’s incredibly successful Kubernetes platform: OpenShift.
“Codefresh is light years ahead of other CI/CD platforms on Kubernetes.
Their deep integrations into Kubernetes, git/cloud-agnostic
architecture, and user experience are making Codefresh the default CI/CD
for Kubernetes. This is especially true in an industry that has been
dominated for years by complex and outdated tooling,” said Roth.
Kubernetes is quickly becoming the de facto way to run cloud-native
applications. Codefresh serves as a key DevOps tool that both
accelerates and simplifies Kubernetes adoption and helps teams get the
most out of these cloud-native technologies.
“Demand for a modern DevOps platform that helps engineering teams adopt
and optimize workflows for Kubernetes is very high,” said Raziel Tabib,
CEO of Codefresh. “Our continuous integration and delivery platform
accelerates our customer’s migration to Kubernetes, eliminates the cost
of maintaining legacy tool chains and leverages cloud-native technology
practices to speed up software delivery.”
recently named Codefresh a leader in their CI/CD Radar Report with VP of
Research Jon Collins citing Codefresh’s unique container-based
architecture as a key advantage. He commented, “Codefresh offers an
end-to-end pipeline capability. It is Kubernetes-native, applying
container-based principles to the actions of CI/CD.”
This container-based approach enables Codefresh to be both git- and
cloud-agnostic. In a time when git and cloud providers are trying to
expand their footprint in CI/CD, Codefresh’s agnostic approach means
their platform works well in any organization and allows each team to
pick the best tools for their needs.
This funding round includes investment from Red Dot Capital Partners,
Shasta Ventures, Vertex Ventures, M12: Microsoft’s Venture Fund, Viola
Ventures, Hillsven, and CEIIF.
Even in uncertain market conditions, Codefresh continues to grow. DevOps
and CI/CD are only becoming more critical as teams look to automation to
drive efficiency and to platforms like Codefresh that can provide
visibility to distributed teams. This new C-round of funding will allow
Codefresh to accelerate growth and push their competitive advantages