Copado, a leading native DevOps platform for Salesforce, today announced $26 million in series B funding to drive digital transformation.
The Series B financing was led by Insight Partners who led Copado’s Series A round, with participation from existing investor Salesforce Ventures and new partners, Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. This latest financing brings Copado’s total financing to $47 million..
The impact of COVID-19, distributed virtual workforces and an unpredictable economy are forcing companies to adopt DevOps platforms to digitally transform their businesses. These seismic events have redefined executive expectations on the speed, quality and visibility their technology investments must deliver to enable rapid business pivots and effectively disrupt markets.
Over the past year, Copado continues down a path of exponential growth and has expanded operations globally with programs to train more than 10,000 Copado certified DevOps professionals projected in 2020.
Last year, Copado more than doubled its revenue and tripled its global headcount. More than 500 market and brand leaders, including Amgen, Conga, Cox Communications, KUKA, Linde, Orange S.A., The Coca-Cola Company and the U.S. Department of Veterans Affairs, all trust Copado to deliver digital transformation projects on time with the highest levels of trust and quality.
“Using DevOps to deliver high-quality software releases with speed and trust is more critical than ever as companies adjust to a COVID world,” said Nikitas Koutoupes, Managing Director at Insight Partners and Copado board member.
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“Remote work and digital customer engagement are the new normal. DevOps helps delivery teams increase release velocity and quality to support new digital strategies. We are thrilled to continue our partnership with the Copado team as they scale to deliver the in-demand tools and training for the fourth industrial revolution.”
Terence Goudriaan, Head of the Digital Customer Experience practice in Europe at Capgemini said, “We are thrilled to strengthen our relationship with Copado and look forward to helping accelerate its growth.
“Copado’s ability to provide a consistent development and deployment process and being the single source of truth for delivery, combined with Capgemini’s expertise in managing complex digital transformation programs is a strong assurance for client success.”
“We are building a foundation for growth based on real customer pain points that we can successfully solve for nearly any Salesforce implementation,” added Ted Elliott, Chief Executive Officer for Copado.
“It is a critical time for businesses in every industry. They need the native tools, the right staff, the intelligent analytics and the key performance metrics to optimise their digital transformation projects. Copado offers the complete package to successfully implement a digital go-to-market strategy for any company.”