Gradle Inc. Raises $27 Million in Series C Funding
Proceeds Will Be Used to Extend Leadership in Solutions that Accelerate Software Developer Productivity
November 18, San Francisco, CA. Gradle Inc. announced today that it closed a $27 million Series C led by Triangle Peak Partners. Participating investors include True Ventures, DCVC, Bain Capital Ventures, Harmony Partners, and StepStone Group. Elite development teams from companies like ASML, eBay, Fitbit, LinkedIn, Microsoft, Pinterest, Salesforce, Square and Twitter, use Develocity to more rapidly deliver quality software at scale. Gradle is also the company behind the popular open-source Gradle Build Tool which is downloaded over 25 million times a month.
“Gradle is pioneering a new software development practice called Developer Productivity Engineering or DPE,” said Hans Dockter, Gradle co-founder and CEO. “And we are convinced that DPE will prove to be the most important movement in software development since the introduction of DevOps by addressing many of its inefficiencies and dark costs.”
According to the company, DPE takes an engineering approach, rather than a people management approach, to solving developer productivity challenges and improving the developer experience. Develocity is positioned as a key enabling technology for DPE and the only end-to-end solution on the market.
The company will also invest more heavily in extending their product functionality leadership, including the application of AI/ML technologies to Develocity build and test acceleration and analytic capabilities. And, in response to accelerating demand for the DPE solution, the company plans to invest further in scaling sales and customer support internationally.
“Gradle is capitalizing on the next generation of software development which continuously improves upon the developer experience,” said Tyler Peterson, Partner, Triangle Peak. “With Develocity, companies can not only deploy engineering resources more productively and accelerate software delivery time to market, but they gain a significant edge in the race to digital transformation.”