CircleCI announces $100M Series F on $1.7B valuation along with Vamp acquisition –
Summary
CircleCI CEO Jim Rose says part of the reason for taking on $200 million in two years is because even though the company was founded in 2011, the continuous delivery approach is still really just getting started. Like so many kinds of automation, Rose says that he has seen things accelerate during the pandemic as software development teams look for ways to eliminate manual processes as they moved to work from home. As for the acquisition, acquiring Vamp takes care of what happens after the application gets deployed, and that fills in a big missing piece in the product map. Joining CircleCI was an organic fit that will provide enhanced visibility and control for developers to build software in a more streamlined way,” he said in a statement. While a Series F with a fat valuation sometimes signals the end of the private fundraising cycle, Rose wasn’t quite ready to talk IPO just yet, even while acknowledging his investors would want to cash out at some point.
