DevOps Platform Copado Secures $140m in Series C Funding

Fazzaco learned that Copado, a low-code DevOps platform, has secure $140 million in a Series C funding round, which was led by Insight Partners with participation from new investor SoftBank Vision Fund 2, among others, and existing investors including Salesforce Ventures.

Copado plans to use the cash raised to expand its testing software across enterprise SaaS platforms and turbocharge international growth, particularly into the Asia Pacific market.

​The Chicagoan firm doubled its annual recurring revenue in the first half of this year and in the last six months added Standard Bank and TalkTalk Group to its roster.

Copado has also signed partnerships with IBM and SoftBank Robotics, grown its workforce to more than 500 employees globally and acquired security and AI-enabled automated testing fintechs New Context and Qentinel.

Copado CEO, Ted Elliott, said: "DevOps is now strategic to every business as digital economies become mainstream. Nearly every company in the world is looking to accelerate their development lifecycle and empower teams to quickly deliver software without the fear of failed deployments."