Israeli startup Codefresh, the end-to-end Docker and other container lifecycle management platform, today announced it has closed a $7 million financing round. The investment was led by Carmel Ventures with the participation of Hillsven Capital, Streamlined Ventures and UpWest Labs.
This new round will allow Codefresh to consolidate its position in the container-based development market. Codefresh is at the forefront of bringing Docker and other containers to the enterprise with a CI/CD platform built for Docker from the ground-up.
The company was founded in 2014 by CEO Raziel Tabib and CTO Oleg Verhovsky. Tabib said, “We founded Codefresh to address a huge pain-point we had seen first-hand: the need for a development, testing and deployment platform that was built from the ground up with microservices in mind, and treats containers as first-class citizens. This new capital will help us take microservices architectures mainstream.”
Tabib and cofounder and CTO Oleg Verhovsky have extensive experience in the software development industry and held engineering and product leadership positions with HP.
“Codefresh is at the center of a fundamental shift in software development, as enterprises race to change how they build, package and deploy applications,” said Ronen Nir, general partner at Carmel Ventures, who will be joining the company’s board of directors. “We are thrilled to lead this investment to help accelerate Codefresh’s growth in the market.”
Codefresh’s business is growing rapidly and the funds will be used to further accelerate growth of the company's engineering, customer success, and business operations with the aim of making agile software development and release cycles using containers radically easier and faster.
Codefresh is already being used in production by dozens of companies such as IronSource, JFrog and HPE, who are benefiting from it as their CI/CD and Docker image management platform. Codefresh seamlessly integrates with best-of-breed container technologies and toolsets, such as testing, orchestration and registries, enabling a holistic approach to container lifecycle management.
Published by Globes [online], Israel business news - www.globes-online.com - on September 29, 2016
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