BOSTON--(BUSINESS WIRE)--Codeship, provider of hosted continuous integration (CI) solutions that empower software build and test automation, today announced it has completed a $7 million Series A round of funding, led by Ascent Venture Partners. The funds will be used to enhance the company’s CI platform, which is trusted by thousands of companies to efficiently and reliably deliver high quality software.
Codeship grew significantly in 2016, supported by sales of its Jet product, which launched commercially in February. Chief among Jet’s benefits are speed, increased flexibility and native Docker support that allows developers to customize test environments based on Docker Compose, promoting parity in development, test and production environments.
“We’ve positioned Codeship as an attractive investment, especially through the launch and subsequent expansion of our Docker initiatives, which have aligned the company with a hugely successful technology,” said Moritz Plassnig, CEO of Codeship. “In addition, our increased focus on enterprise clients has generated a significant influx of new users, each of whom have seen dramatic reductions in the amount of time it takes to move new products into production.”
Ascent Venture Partners led this round of funding which also included previous investors Sigma Prime Partners, Boston Seed Capital and F-Prime Capital. Ascent General Partner Luke Burns will take a seat on the company’s Board of Directors. In total, Codeship has raised $11.1 million.
"During our diligence, we were struck by the frequent praise that customers lavished on Codeship’s ease of use, speed, flexibility and unparalleled customer support. Mo and team keep their focus squarely on satisfying the needs of development teams, large and small, and I’m excited to partner with them as they continue to innovate as leaders in this high growth market," said Burns.
G2 Crowd listed Codeship at the front of the pack of High Performers under Build Automation in their Winter 2016 report. For more information, visit www.codeship.com
Codeship offers a hosted Continuous Integration platform that integrates with the existing DevOps stack and enables customers to accelerate time-to-market of products and features. Codeship turns a manual release process into an automated one by making it incredibly easy for developers to test and deploy new software—fast, reliably and securely—without taxing their own team or experiencing downtime. We help teams build the best products by allowing them to focus on product development instead of testing and releasing software. G2 Crowd listed Codeship as a High Performer under Build Automation in their Winter 2016 report. Among High Performers, Codeship had the best overall G2 score and highest satisfaction. To learn more about Codeship, go to www.codeship.com.
About Ascent Venture Partners
Ascent Venture Partners is dedicated to investing in innovation for the enterprise. In backing more than 100 early-stage, emerging technology companies, Ascent has remained committed to its mission of partnering with exceptional entrepreneurs striving to build innovative market leaders. Ascent's investments have yielded powerful results generating more than $10 billion in enterprise value, which speaks to the firm's deep sector knowledge, experience and networks. The Ascent investment team manages six venture funds with total commitments of more than $500 million, and is located in Boston, Mass. For more information, please visit http://www.ascentvp.com/.
About Sigma Prime Ventures
Sigma Prime Ventures is a venture capital firm that invests in early stage companies in the areas of SaaS, Cloud, Mobile, Disruptive Technologies and Technology-Enabled Services. The Partnership focuses on great entrepreneurs and works in conjunction with them to build great companies. The firm’s partners have deep operating and startup experience, collectively having founded 11 companies, provided executive leadership to 17 companies, and had exits worth over $4.2B. Since 1984, the firm’s partners have fostered the growth & exit of numerous technology companies, including Internet Security Systems (IPO), m-Qube (acquired by VeriSign), Storage Networks (IPO), Vignette (IPO), Vlingo (acquired by Nuance), Aprimo (acquired by Teradata), Initiate (acquired by IBM), Octane (acquired by e.Piphany), OpenPages (acquired by IBM), Tradex (acquired by Ariba) and others. Sigma Prime Ventures is located in Boston and invests across the U.S. with a focus on the East Coast. For more information, visit www.sigmaprime.com or follow us on Twitter at @sigmaprimev.