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XebiaLabs, the Boston-based software startup that helps companies automate DevOps functions, announced a healthy $100 million Series B investment led by Susquehanna Growth Equity and Accel. Today’s investment brings the total raised to $121.5 million.
Derek Langone, Xebia’s CEO says they raised the money out of a desire to expand more rapidly. “You always want to raise money for the right reasons. The right reason was growth. We had enough money in the bank to keep the business going, but we wanted to expand our partnerships and bring more engineers in,” he said. The company wouldn’t have been able to do some of these kinds of things without an infusion of capital.
Langone - Company - Software - Company - Amount
Langone says that as every company becomes a software company, it increases the amount complexity associated with managing the software environment. His company tries to help by bringing a high level of automation to that process.
He points out that there is a huge expense in terms of time and labor involved in building and maintaining the software systems that run a typical large business. “We streamline that process and redeploy intelligent creative engineers on higher value activities instead of writing plumbing code to move stuff around,” Langone explained.
Company - Software - Lot - Code - Customer
He says his company’s software creates a lot of that underlying code for the customer, saving them the time and expense of doing it manually. “As applications become more...
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