Circle Internet Services Inc., a DevOps software platform provider for continuous integration and delivery, today announced the company has closed a late-stage $100 million funding round led by IVP and Sapphire Ventures.

To date, CircleCI has raised $215 million in total funding since its founding in 2011, including this Series E round.

During that time, the company has developed a DevOps CI/CD platform aimed at ensuring engineers have access to automated processes that aid in developing and shipping software faster, with higher-quality code and fewer potential faults when it goes into production.

Continuous integration and delivery are combined processes that involve frequent changes to code that are constantly being pushed live to maintain a service or application while also allowing developers to add features and design in parallel. The aim of these processes is to reduce the number of defects and potential conflicts during the integration and delivery of code using automated systems that verify code, flag potential problems, and test integrated code to identify bottlenecks and issues.

“CircleCI is built around the belief that CI/CD is at the heart of DevOps,” said Jim Rose, chief executive of CircleCI. “It’s this big bet that has been core to our strategy from day one and will continue to be as we look toward the future.”

Since CircleCI’s last $56 million funding round in July, the company has continued to expand its DevOps and CI/CD platform efforts. The company has seen an increase in overall usage of its platform and now processes over 1.8 million jobs per day and opened a London office, expanding its presence in European, Middle Eastern and African regions.

The company has also continued to expand its services with Microsoft Windows cross-platform build support and increased the adoption of its configuration capabilities called “orbs” through new partnerships. Orbs bundle CircleCI configuration into reusable containers that allow customers to perform thousands of use-cases without the need for complex coding. As of today, more than 22,000 organizations have integrated CircleCI’s orbs into more than 65,000 repositories along nearly 18 million CI/CD pipelines.

“CircleCI’s rapid growth within the developer tool space has been impressive,” said Jai Das, co-founder and president of Sapphire Ventures. “There has been a lot of emphasis on growth opportunities in software, but not enough on the build, test, and deploy components, which I believe, is the most powerful when taking an idea to delivery. CircleCI addresses that need and empowers developers to spend their time doing what matters most and do it more quickly, more effectively, and at scale.”

A recent report from Fortune Business Insights predicted that the DevOps market stood at $3.7 billion in 2018 and is estimated to reach $14.9 billion by 2026. This includes DevOps tools such as CI/CD platforms and automated testing such as is developed by CircleCI.

“CI/CD was once a cutting-edge development idea reserved for savvy technology companies, but now we’re seeing that expand to all companies,” said Cack Wilhelm, partner at IVP. “CircleCI is an especially attractive investment given the depth and complexity of the product and the underlying dataset they have observed over time on how great companies build and release software.”

CircleCI boasts enterprise brands that use its tools such as Spotify, Ford Motor Co., NBC Universal, Citigroup, Aetna and Unilever. These companies use the platform to ensure that their apps and services remain stable alongside rapid innovation and feature development by large developer teams at scale.

Image: CircleCI