Copado Raises $26 Million in Funding
June 22, 2020

Copado announced $26 million in series B funding, bringing the total raised to $47 million.

The financing was led by Insight Partners who also led Copado’s Series A round, with participation from existing investor Salesforce Ventures and new partners Lead Edge Capital, ISAI Cap Venture (Capgemini and ISAI joint fund), and Perpetual Investors. Copado will use the new funding to expand global distribution and accelerate product innovation, including its new DevOps analytics platform, DevOps 360.

The impact of COVID-19, distributed virtual workforces and an unpredictable economy are forcing companies to adopt DevOps platforms to digitally transform their businesses. These seismic events have redefined executive expectations on the speed, quality and visibility their technology investments must deliver to enable rapid business pivots and effectively disrupt markets.

Copado continues on an exponential growth trajectory. In the last year, the company more than doubled its revenue, tripled its headcount, expanded operations globally, and launched programs expected to train more than 10,000 Copado certified DevOps professionals in 2020. More than 500 market and brand leaders, including Amgen, Conga, Cox Communications, KUKA, Linde, Orange S.A., The Coca-Cola Company and the US Department of Veterans Affairs, trust Copado to deliver digital transformation projects on time with the highest levels of trust and quality.

“Using DevOps to deliver high-quality software releases with speed and trust is more critical than ever as companies adjust to a COVID world,” said Nikitas Koutoupes, Managing Director at Insight Partners and Copado board member. “Remote work and digital customer engagement are the new normal. DevOps helps delivery teams increase release velocity and quality to support new digital strategies. By bringing those tools to Salesforce — the #1 customer relationship platform — Copado is fast becoming a must-have technology for any company looking to meet the demands of accelerated digital transformation. We are excited to continue our partnership with the Copado team as they scale to deliver the in-demand tools and training for the fourth industrial revolution.”

Terence Goudriaan, Head of the Digital Customer Experience practice in Europe at Capgemini, said: “Copado’s ability to provide a consistent development and deployment process and being the single source of truth for delivery, combined with Capgemini’s expertise in managing complex digital transformation programs is a strong assurance for client success.”

Copado is redefining how to measure success on the Salesforce platform with its data-driven approach to delivering faster, higher quality releases and improving trust across customer transformation projects. As Salesforce continues to lead the market in digital transformation, the technical sophistication and the size of the delivery teams continues to grow exponentially resulting in the need for a more disciplined delivery process based on DevOps best practices. Organizations that implement DevOps best practices have been shown to deploy more often, fail less often and recover faster.

“We are building a foundation for growth based on real customer pain points that we can successfully solve for nearly any Salesforce implementation,” said Ted Elliott, CEO for Copado. “It is a critical time for businesses in every industry. They need the native tools, the right staff, the intelligent analytics and the key performance metrics to optimize their digital transformation projects. Copado offers the complete package to successfully implement a digital go-to-market strategy for any company.”

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