Woburn’s CloudBees has closed an $11.2 million Series C round to expand its software development technology, used by companies to get applications up — and updated — more rapidly.
Companies using CloudBees include Lose It!, a Boston startup with an app for tracking calories and exercise. LoseIt uses CloudBees to develop and deploy changes to the app in the cloud, without having to worry about servers, databases, and other IT needs. “They just focus on their application,” said Sacha Labourey, founder and chief executive of CloudBees.
Leading the new funding round is Verizon Ventures, the investment arm of Verizon Communications. Recently, Verizon — through its Verizon Cloud IT service — agreed to begin providing the CloudBees service to customers. The investment is an outgrowth of that partnership, Labourey said.
Verizon’s Cloud offering seeks to compete with the likes of Amazon Web Services and Rackspace. It launched in October, and much of its development came out of Verizon’s office in Burlington. That office includes a number of employees who’d previously been part of CloudSwitch, a startup acquired by Verizon in 2011.
Also taking part in the new funding round for CloudBees are Matrix Partners, LightSpeed Venture Partners, and Blue Cloud Ventures. CloudBees has now raised $25.7 million since its founding in 2010.
The company employs 50, with 10 of the employees in Woburn.