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CloudBees Clicks With Second Venture Capital Funding

Tuesday, July 26, 2011 5:33:00 AM PDT | VentureDeal Staff

   Lewes, Delaware  --  Cloud IT company CloudBees has garnered $10.5 million in its series B round of institutional venture capital investment.

CloudBees has created a platform-as-a-service offering that enables developers to have their own development and production runtime spaces for Java-based applications.

Lightspeed Venture Partners led the round, which included previous investor Matrix Partners.

The company said it would use the new funding to accelerate the rollout of its product development and to expand its marketing and sales initiatives.

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