Codefresh, a leader in Kubernetes DevOps
tools, today announced $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. 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.
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". One of those ways will be to provide enterprise grade security with their new Codefresh Runner.
"With the new Codefresh Runner we help organizations to run Codefresh pipelines behind the firewall without the hassle of managing a full on-premise solution," says Tabib. "The Codefresh Runner is an easy to install agent that can orchestrate and scale the execution of CI/CD pipelines all behind the firewall meeting all of the enterprise security requirements your company may have. The Runner is security, flexibility and above all practically zero-maintenance."
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outdated tooling."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."
Gigaom
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 further.