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