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CloudBees grabs $23.5 million round of funding

January 27, 2015

Continuous delivery platform CloudBees has secured $23.5 million in financing, led by Lightspeed Venture Partners.  Previous backers Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated. The company has now raised just under $50 million in total and plans to use the latest funds for growth. “This investment in CloudBees tops a year of continuous growth and acceleration, fueled by the adoption of continuous delivery as companies in all markets realize that software is eating the world,” said Sacha Labourey, founder and chief executive officer of CloudBees in a press release. “We will use the additional capital to serve the growing demand for Jenkins-based solutions worldwide, to continue to capture market share and to further cement our position as the continuous delivery leader.”

Tencent was among the new investors pumping $350 million into Ele.me, the Chinese food delivery service. CITIC Private Equity, JD.com, Dianping and Sequoia Capital also participated. The company did not reveal its current valuation but stressed it would continue to operate independently after the funding.

Marketing intelligence company Beckon has closed a $13 million Series B round of funding, led by Venrock. All previous investors, including August Capital, Canaan Partners and El Dorado Ventures, participated in the financing, which will be used for development of the company’s platform. “Consumers are increasingly omnichannel and so marketing must be too,” said Brian Ascher of Venrock, who joined the Beckon board. “With the explosion of new channels comes a proliferation of specialized tools, each with their own data formats and reports. Marketing teams are drowning in data and getting an omnichannel view of what’s working best across it all has never been more difficult or more important. Beckon is the right product at the perfect time in marketing’s history.”

PragmatIC Printing, a U.K.-based provider of flexible electronics, has raised $8.1 million in funding. Cambridge Innovation Capital led the round, with participation from ARM Holdings and existing backers. “We have become accustomed to silicon chips being incorporated into high-value documents such as passports and credit cards, but there are limitations to how robustly and cost-effectively this can be done. Our technology platform creates a microcircuit thinner than a human hair that can be easily embedded in any flexible surface,” Scott White, Chief Executive Officer at PragmatIC, said in a press release.

 

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Filed Under: Finance, Investment Round Up, Startups

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