Woburn, Mass.-based Platform-as-a-Service company CloudBees announced on Wednesday that it has secured $11.2 million in Series C. The round was led by Verizon Ventures, the investment branch of Verizon Communications, with participation from existing investors Matrix Partners, Light Speed Venture Partners and new investor Blue Cloud Ventures.
CloudBees provides a platform that accelerates the development, integration and deployment of web and mobile applications, particularly for enterprise and cloud products. The company's newfound funding will go towards adding new product capabilities and boosting sales and marketing efforts.
"We've been focused on the technical aspects ... but we realize we need to become better at pushing value out, and pushing out incrementally, to get better on the market and grow on a business level," CloudBees CEO and Co-founder Sacha Labourey told BostInno.
This news comes two weeks after CloudBees locked down a partnership with Verizon Communications, bringing its CloudBees' PaaS to the Verizon Cloud, the company's new public beta cloud computing and cloud storage platform.
"This was a very important partnership for us, and as we talked it made a lot of sense," said Sacha Labourey of the connection between the two companies. "The cloud space is relatively small, and we had been in touch [with Verizon] for a long, long time."
Back in January, CloudBees also named Koshuke Kawaguchi its first-ever chief technology officer.
Since its inception in 2010, the company has raised a total of $25.7 million.
