Monday, 22 June 2020 01:53

Copado capital raising adds $26 million to coffers

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US-based DevOps for Salesforce provider Copado has raised US$26 million in a Series B round of funding led by Insight Partners, with participation from existing investor Salesforce Ventures and new partners Lead Edge Capital, Perpetual Investors and ISAI Cap Venture - the joint investment fund for Capgemini and ISAI.

The US$26 million financing brings the total funds raised by Copado to US$47 million.

Copado says it continues on an “exponential growth trajectory” and in the last year, has 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.

“The impact of COVID-19, distributed virtual workforces and an unpredictable economy are forcing companies to adopt DevOps platforms to digitally transform their businesses,” Copado said.

“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.”

“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.”

“We are thrilled to strengthen our relationship with Copado and look forward to helping accelerate its growth,” said Terence Goudriaan, Head of the Digital Customer Experience practice in Europe at Capgemini.

“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.”

“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, Chief Executive Officer 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 optimise 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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Peter Dinham

Peter Dinham - retired and is a "volunteer" writer for iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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