Incredibuild Announces $140M In Funding As Cloud Transformation Turbocharges Software Development Cycles

Jan 31, 2022•over 3 years ago

Amount Raised

$140 Million

Tel Aviv

Description

Incredibuild, the software development acceleration platform, today announced a $140 million investment from ScaleUp investor Insight Partners. The investment, which includes both primary and secondary components, will help expand Incredibuild's US operations to meet the rapidly growing demand for its software development acceleration technology. The company, which has been profitable from day one, experienced a 55% increase in revenue in the past year as businesses seek the ability to build and ship software versions faster without compromising on quality. Lead investor Insight Partners is joining Fortissimo Capital who acquired Incredibuild in 2018.

Company Information

Company

Incredibuild

Location

Tel Aviv, Tel Aviv District, Israel

About

Incredibuild turbocharges development with our Virtualized Distributed ProcessingTM technology that turns every host into a supercomputer with hundreds of cores. Incredibuild seamlessly distributes processes across idle processors in the network on-prem and dynamically allocates cloud capacity based on availability and cost. Using the same code, processes, and tools, developers and managers accelerate product development with 8x faster builds, 80% shorter release cycles, and 4x the number of iterations, consistently releasing better products to market radically faster.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech