Copado Closes $96 Million in Series B Funding
February 22, 2021

Copado closed $96 million in Series B funding, bringing the total funds invested in the company to $117 million.

The financing was co-led by Insight Partners and Salesforce Ventures, with additional investment from Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. Copado will use the new funding to expand its leading enterprise DevOps platform and fuel international growth.

2020 accelerated the digital imperative for every company, raising executive expectations of the speed, quality and visibility required to run a digital business at scale. CIOs are using cloud platforms like Salesforce to transform their businesses. Copado enables large digital teams to move fast, at scale, with the quality and governance required to safely connect and master a multi-cloud network.

In the past 12 months, Copado has grown from nearly 200 to over 1000 customers who rely on its DevOps platform to build, deliver and monitor up to 50% more value from their cloud investments.

“The strong performance of Salesforce led to incredible growth for Copado in 2020, resulting in heavy investor interest and an oversubscribed round,” said Ted Elliott, CEO for Copado. “Nearly every Salesforce customer is looking to accelerate their development lifecycle, empowering teams to move fast and ship software without the fear of failed deployments. With Copado, businesses can deliver more features, faster, with higher user adoption and increased governance and compliance...”

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