Incredibuild, an Israeli startup that offers a hybrid development acceleration platform for developers and DevOps teams, raised $35 million in a Series B round of funding led by Hiro Capital, the entrepreneur-founded VC focused on Videogames, Creator Platforms and Metaverse Technologies.
The raise comes after Incredibuild doubled its Annual Recurring Revenue (ARR). ARR is used to value subscription services. It measures the value of the recurring revenue of a firm’s term subscriptions normalized for a single calendar year.
And this round also comes a little over a year after Incredibuild raised $140 million in another round of funding.
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Amazon explains that DevOps is the combination of cultural philosophies, practices, and tools that increases an organization’s ability to deliver applications and services at high velocity: evolving and improving products at a faster pace than organizations using traditional software development and infrastructure management processes.
Founded in 2002, Incredibuild turbocharges development with Virtualized Distributed Processing technology, turning every host into a supercomputer with hundreds of cores. Incredibuild boasts that with its service accelerated product development from compilation to testing and release automation delivers better products to market radically faster.
Incredibuild boasts over a quarter of a million users from 2,500 global organizations, including many Fortune 100 companies. Headquartered in Tel Aviv with offices in the US, Japan, UK and China, Incredibuild was founded on the premise that there is time to build and time to release. Frequency of updates is not just time- and cost-saving; it is an enterprise’s competitive advantage. Learn more at incredibuild.com
“Enterprises are under unprecedented pressure to expedite the release of high-quality applications, to get to market faster with less overhead,” said Tami Mazel Shachar, CEO of Incredibuild. “We see Hiro’s investment, combined with our significant revenue growth, as validation that our market-leading platform has and will continue to help companies from numerous industries improve ROI and TCO and stay at the top of their game. We’re partnering with developers and customer-facing teams to continuously enhance our platform. At Incredibuild, we believe Development Never Stops.”
Over the course of this year, AWS and Microsoft have both announced partnerships with Incredibuild to integrate its gaming stacks in order to accelerate the go-to-cloud transformation of customers and partners worldwide.