Gearset raises £45m for platform to simplify DevOps
Gearset, a tooling provider for Salesforce software, has raised $55m (£44.9m) to expand its product line and grow its sales and marketing teams across both the UK and US.
Backed by the new funds, the Cambridge-based company has also established new offices in Belfast and Chicago.
Founded in 2015, Gearset aims to simplify the process of DevOps – the process that combines software development and IT operations – for companies.
Working with companies like IBM, Zillow, and Johnson & Johnson, Gearset’s “low-code” solutions allow engineering and IT teams to manage complex Salesforce data and software.
It is the first time the British company has raised outside capital in its six years of operations.
“When we started Gearset, DevOps was largely the province of highly technical software teams, and we wanted to change that,” said Gearset co-founder and CEO Kevin Boyle.
“Over the last six years, we’ve focused on making our users successful, and built a product that solves the hard problems in Salesforce DevOps, while being easy to use for teams of all technical backgrounds.”
Boyle added: “Many enterprises are still early in their digital transformation, and we’ve got a huge opportunity to help them realise the benefits of DevOps as they increasingly rely on low-code solutions.”
The growth investment round was led by US-based growth equity investment firm Silversmith Capital Partners.
“Gearset’s focus on building exceptional products, investing in customer success and fostering company culture has established a strong foundation to build upon,” said Silversmith partner Sri Rao.