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TMCNet:  CircleCI Secures $6 Million Series A Funding to Accelerate Global Expansion

[February 06, 2014]

CircleCI Secures $6 Million Series A Funding to Accelerate Global Expansion

SAN FRANCISCO --(Business Wire)--

CircleCI, the leader in Continuous Integration and Continuous Delivery, today announced it has closed a $6 million round of funding round led by DFJ.

Continuous Delivery is the modern development practice, used by companies such as Amazon, Google (News - Alert), and Facebook, that speeds up development teams by allowing software development teams to deliver features to their customers in minutes rather weeks.

"CircleCI makes developers more productive," said Paul Biggar, cofounder and CEO of CircleCI. "Development speed is critical in today's competitive development landscape, and maintaining this speed is difficult as apps grow larger and more complex. This investment allows us to continue to deliver the features developers need to continuously integrate and deliver software faster and far more easily on a global scale."

Automating and accelerating software delivery using CircleCI lets developers speed time-to-deploy, boost developer productivity, and improve software quality. CircleCI's fast, scalable Continuous Integration and Continuous Delivery service frees developers from building and maintaining their own agile infrastructure and allows them to focus on their core product.

"In a mobile world where customers' expectations are high, there's excitement around eveloper tools. These tools empower developers to focus on building core product rather than the infrastructure around it. With CircleCI, the company's unique focus on making their customers -- software developers -- makes for a timely offering," said Bubba Murarka, who led the investment for DFJ and joins CircleCI's board. "The market has welcomed CircleCI, and the demand for these tools is reflected in the durable traction the company achieved prior to funding, having grown over 25x since their initial seed round. Today, CircleCI boasts over 1,000 customers worldwide. Customers love their product, and all of us at DFJ are thrilled to work with them."


CircleCI previously raised a seed round of $1.5 million in February 2012 led by the founders of Heroku, Baseline Ventures and Harrison Metal. Notable angel investors included Heroku and Heavybit founder James Lindenbaum and renowned Continuous Delivery pioneer Eric Ries.

This transaction represents the single largest round of funding in the Company's history. In conjunction with this financing, DFJ's Murarka will join CircleCI's Board.

About CircleCI

San Francisco-based CircleCI is the world's leading innovator of Continuous Integration and Continuous Delivery technologies. CircleCI's tools and technology automate workflows and enable developer to ship software significantly faster. CircleCI was founded by Paul Biggar and Allen Rohner in 2011. More than 1000 software development teams including salesforce, Cisco (News - Alert), Samsung, LiveNation, and BSkyB trust CircleCI's technology to more effectively deliver software. CircleCI is a Heavybit company.

About DFJ

DFJ is a venture capital firm that partners with extraordinary entrepreneurs who set out to change the world. Since 1985, DFJ's core funds have raised $4B, which has been deployed in more than 300 portfolio investments, including AdMob, Baidu, Box, Foursquare, Skype (News - Alert), Hotmail, SpaceX, Tesla Motors, SolarCity, Twitter, Tumblr and Yammer. DFJ works with companies at seed, early and growth stages, with the goal of creating iconic and lasting businesses. DFJ pioneers investing in emerging markets including consumer and enterprise information technology, digital media, and disruptive technologies. Learn more at dfj.com.


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