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Codeship Secures $7 Million Funding

Updated on August 3, 2016

BOSTON -- Codeship, provider of hosted continuous integration (CI) solutions that empower software build and test automation, has completed a $7 million Series A round of funding, led by Ascent Venture Partners. The funds will be used to enhance the company's CI platform, which is trusted by thousands of companies to efficiently and reliably deliver high quality software.

Ascent Venture Partners led this round of funding which also included previous investors Sigma Prime Partners, Boston Seed Capital and F-Prime Capital. Ascent General Partner Luke Burns will take a seat on the company's Board of Directors. In total, Codeship has raised $11.1 million.

Codeship grew significantly in 2016, supported by sales of its Jet product, which launched commercially in February. Chief among Jet's benefits are speed, increased flexibility and native Docker support that allows developers to customize test environments based on Docker Compose, promoting parity in development, test and production environments.

"We've positioned Codeship as an attractive investment, especially through the launch and subsequent expansion of our Docker initiatives, which have aligned the company with a hugely successful technology," said Moritz Plassnig, CEO of Codeship. "In addition, our increased focus on enterprise clients has generated a significant influx of new users, each of whom have seen dramatic reductions in the amount of time it takes to move new products into production."

"During our diligence, we were struck by the frequent praise that customers lavished on Codeship's ease of use, speed, flexibility and unparalleled customer support. Mo and team keep their focus squarely on satisfying the needs of development teams, large and small, and I'm excited to partner with them as they continue to innovate as leaders in this high growth market," said Burns.

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