,, , …. and Copado. The fifth Spanish to achieve the status of is this development platform for Salesforce, which has closed (120 million euros), with which it exceeds the border of 1,000M$ of valuation.
With this new C Series, total funds invested in the company amount to $220M (€188M). This round was led by Insight Partners, with the participation of new investors SoftBank Vision Fund 2, Declaration Partners and DG Ventures, as well as existing investors Salesforce Ventures, ISAI Cap Venture (Capgemini and ISAI joint fund), Lead Edge Capital and Perpetual Investors. The strategic investor IBM Ventures also participated in the round and will provide global expertise to the company as it expands its international presence. Thus, Copado’s valuation stands at $1,200M (€1,025M).
As the company has explained, Copado will use the new funds to expand its AI-powered DevOps solutions on leading enterprise SaaS platforms. Proceeds will also be used to fuel international growth, particularly in the Pacific Asia (APAC) with the support of SoftBank and Digital Garage Group. According to IDC, the DevOps market is around €15 billion, reflecting the growth potential of Copado solutions.
“DevOps is now strategic for all businesses as the digital economy becomes more mainstream,” said Ted ElliottCEO of Copado. “Nearly every company in the world is looking to accelerate their development lifecycle and empower teams so they deliver software quickly without fear of failed implementations. Since I joined Copado, we have focused on making launch days obsolete, allowing companies to offer more features, faster, safer and with high quality. Copado is driving the next generation of digital transformation in the cloud.”
What is Copado?
Copado was founded in 2013 in Madrid by Philipp Rackwitz and Federico Larsen, and its greatest growth has been seen in the last year. In which, according to the company, its user base has seen an increase from an estimated 200 to more than 1,000 users. In the same way has almost doubled its workforce, with more than 200 employees. Finally, Copado has registered a growth of 120% of its annual income.
cool is a development platform for Salesforce, oriented to SMEs and large companies alike. When working with Software services in the cloud, or SaaS, its main focus is the elimination of bugs and the promotion of product launches.
In short, it is a platform that covers the different aspects of the operational development process. In the words of Ted Elliot, CEO of Copado «Automate how companies build cloud software at scale». The services offered by this platform are divided into five main ones.
- . Here the main focus is to generate a higher return on investment, based on value-based planning. For this, it seeks to optimize the delivery of results, as well as to prioritize the work based on the value it generates for the business.
- With this service, the priority is to increase productivity in order to minimize work, starting from the characteristic of being a native Salesforce platform. At this point it offers a simple and easy-to-use interface for administrators, and integrates third-party tools with no coding required. At the same time, it identifies conflicts between different developers, to resolve them proactively and avoid rework.
- Testing is a fundamental part of software creation: with this service, Copado offers speed and quality in the tests performed.
- Copado offers simple and easy handling of information, in order to generate faster and higher quality solutions. It allows to display, and relate complex data together with the information archived, in order to save and reuse the information more easily. On the other hand, it allows incorporating automatic quality checks into production processes, in addition to having integrated security to minimize risks.
- Finally, it offers functions to measure the performance of the project, offering metrics in each of the previous aspects. In this way, it allows monitoring the development of the project and its members, to take the necessary measures at any of the points that need attention.
The precedent of February
In February of this year Copado closed a financing round of B-series for 96 million dollars, approximately €79 million.
Today we are excited to announce our $96 million series B round! We continue to help companies automate how they build software in the cloud at scale and our platform is growing exponentially. Read more via
— Copado (@CopadoSolutions)
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