XebiaLabs Inc., a startup that helps enterprises speed up their software development, announced today that it has closed a surprisingly large $100 million funding round.

The Series B round was led by Susquehanna Growth Equity and Accel. It brings XebiaLabs’ total funding to date to more than $120 million.

Founded in Boston in 2008, XebiaLabs was an early player in the DevOps movement, a software development cycle where developers work closely with operations teams to quickly design, test and implement new software features.

XebiaLabs operates a “continuous delivery” DevOps platform that allows businesses to automate their entire release and deployment pipeline. According to XebiaLabs, this allows developers to “spend 100 percent of their time building the actual business applications.” The company’s platform also uses machine learning to provide enterprises with insights that help them spot trends and predict future outcomes.

XebiaLabs announced today that it closed out 2017 with 117 percent growth in new business, which included major enterprises such as AIG Inc., Bank of America Corp. and Toyota Motor Corp. The startup said it will use its new funding to expand its staff to meet enterprise demands.

“This past year was our strongest to date, and today’s investment will perfectly position us to lead a new era where the essential focus is on scaling DevOps across the enterprise,” Derek Langone, chief executive of XebiaLabs, said in a statement.

Susquehanna Growth Equity Director Martin Angert said XebiaLabs “has a deep understanding of the challenges specific to enterprise software delivery.” Arun Mathew, a partner at Accel, added that XebiaLabs “handles a company’s complexity at scale — a previously impossible feat.” As part of the new funding announced today, both Angert and Mathew will join XebiaLabs’ board.

Although $100 million is certainly an impressive funding round, XebiaLabs still has plenty of competition in the DevOps platform market. Rivals include companies like Circle Internet Services Inc., better known as CircleCI, which raised $31 million in January and boasts a few major customers of its own, including Facebook Inc., Lyft Inc., Adobe Inc. and others.

The popularity of DevOps has grown rapidly over the last few years, and XebiaLabs cited a prediction from Forrester Research Inc. that 2018 will be “The Year Of Enterprise DevOps.” The startup also noted that Forrester ranked it as a leader in its field. Robert Stroud, the Forrester analyst who wrote or cowrote both pieces, has since joined as XeniaLabs’ chief product officer.

Photo: XebiaLabs