British banking giant HSBC has invested $10m in enterprise DevOps provider CloudBees. The latest investment takes total funding in the company to more than $120m.
The move follows an ongoing collaboration between the two, where HSBC uses CloudBees Core platform technologies to support its overall software delivery system.
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HSBC noted that the latest investment highlights the importance of DevOps in its business and technology future.
HSBC Shared Services chief technology officer Dinesh Keswani said: “We invest in technologies which are strategically important to our business, and which help us serve our customers better.
“The DevOps market is growing fast, as organizations like us drive automation, intelligence and security into the way we deliver software.
“CloudBees is already a strategic business partner of HSBC; we are excited by our investment and by the opportunity to be part of the story of continuous delivery.”
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By GlobalDataCloudBees plans to utilise the new investment to further develop its modern software delivery suite. It also plans to enter into partnerships and support growth through M&A.
CloudBees CEO and co-founder Sacha Labourey said: “This investment is indicative of the importance leading companies, such as HSBC, are placing on DevOps.
“DevOps is the new way to deliver software, enabling organisations to deliver software at the speed of ideas, and allowing organisations to respond more quickly to customer needs and market demands.”
