The Silicon Review ^Asia

The financing was led by client vehicles advised by Goldman Sachs Asset Management Private Credit

San Jose-headquartered software delivery platform, CloudBees, has raised $150 million in its Series F round and also closed a $95 million debt facility to accelerate growth. This funding means that the company's pre-money valuation is now at $1 billion.

The funding round was led by clients vehicles advised by Goldman Sachs Asset Management Private Credit. New investments also came in from funds affiliated with Morgan Stanley Private Credit and Bridgepoint Credit, along with existing investors HSBC, Golub Capital, and Delta-v Capital.

The company plans to use the fresh funding to accelerate its product innovation, recruit and develop talent. CloudBees will also use the funding to expand its presence in Asia Pacific.

“This investment round will help CloudBees achieve new levels of innovation, attract and grow talent, and expand globally. One thing, however, will remain the same: our hyper-focus on guiding enterprise customers – operating at immense scale in the most demanding, complex and multi-cloud environments – to reimagine the way they build their platforms for software delivery,” said Stephen DeWitt, CloudBees CEO.

CloudBees is the go-to software delivery provider for enterprises, including Autodesk, Broadridge, Capital One, DZ BANK, Fidelity Investments, HSBC, IHG, Morningstar, Pegasystems, Salesforce, Social Security Administration, the United States Air Force, and the United States Citizenship and Immigration Services.