Electric Cloud Receives US$11M in Financing

Funding Rounds

▤ Summary

Electric Cloud, a San Jose, CA-based provider of DevOps Release Automation solutions, received a US$11m in financing.Backers included Wellington Financial LP, which a provided $6m loan, and Bridge Bank, which provided a US$5m line of credit and venture term loan facility.Led by Steve Brodie, CEO, Electric Cloud provides organizations developing enterprise web/IT, mobile and embedded systems applications with solutions to deliver software by automating and accelerating build, deployment and release processes at scale.ElectricFlow, the company’s flagship product, orchestrates the entire delivery process, automating builds, tests, and deployments, to allow teams to continually reduce the cost and risk of releasing software.Customers include organizations like Cisco, E*TRADE, Gap, GE, HP, Intel, Lockheed Martin, Sony and Qualcomm.

$ Funding

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Amount $11.0M Total raised
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Date February 13, 2017 Announcement date
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Investors Wellington Financial, Bridge Bank Lead investors
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Company http://www.electric-cloud.com Funded company

▥ Classifications

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applications
ERP & Process Management

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▦ Linked Companies

Electric Cloud
$10M to $25M