Shippable has closed $2 million in seed funding. Founders Co-op led the round with participation from Divergent Ventures, Madrona Venture Group, Vulcan Capital and several unnamed angel investors. Based in Seattle, Shippable helps developers speed up software deployment.
SEATTLE, Dec. 10, 2013 /PRNewswire/ — Shippable (www.shippable.com), a cloud-based Application Lifecycle Management (ALM) service for Docker, has raised $2M in seed funding. Shippable helps developers ship quality code faster by automating the entire software development workflow from the time it is developed to the time it is deployed.
The round was led by Founders Co-op with participation from Divergent Ventures, Madrona Venture Group, Vulcan Capital, and several prominent angel investors. Shippable was founded by Avi Cavale and Manisha Sahasrabudhe and is a recent graduate of Seattle TechStars 2013.
“It is common knowledge that integrating software early and often helps teams ship software faster. But our epiphany was when we realized that the unwieldiness of virtual machines (VMs) often make this process time consuming and tedious. Of course VMs were an improvement over physical machines, but Docker is another giant leap forward. We already have a continuous integration service that leverages Docker containers natively and is at least 3 times faster that anything out there. We will add more critical ALM components in Q1 of 2014,” said CEO Avi Cavale. “Containerized software development is going to change DevOps as we know it and we are at the forefront of this transformation.”
Since launching a public beta of their service just 2 months ago, over 2,000 developers have signed up and Shippable users are running over 2,500 integration builds a day.
Co-founders Cavale and Sahasrabudhe bring a depth of business, technical and marketing experience to the company. CEO Avi Cavale has over 10 years experience building highly scalable internet services and has worked on products like Xbox 360, Office365, Azure, and Kinect. Manisha Sahasrabudhe, a UC Berkeley alum, has worked for over 10 years both as a software developer and a program manager.
“As enterprise software investors, we’re very familiar with the strategic pressure large firms feel to increase their product agility while maintaining code quality, scaling and security. Shippable has taken a very creative and effective approach to solving many of the common issues that large companies have in the development process,” said Chris DeVore of Founders Co-op. “We’re incredibly excited to work with Shippable in their effort to bring the agility and quality of continuous integration to the emerging world of containerized DevOps.”
Shippable is currently in public beta and will launch commercially early 2014. Sign up here to try it now!
Shippable helps developers ship quality code faster by automating the entire software development workflow from the time it is developed to the time it is deployed. Shippable is based in Seattle, WA.
Macquarie Capital, an investment and advisory firm, has named Christopher Calavitta as a senior vice president in its infrastructure, utilities and renewables group. Previously, Calavitta worked at Brookfield Renewable Energy Group.
NEW YORK–(BUSINESS WIRE)–Macquarie Capital, the corporate advisory and capital markets arm of Macquarie Group (“Macquarie”) (ASX:MQG)(ADR:MQBKY), today announced the appointment of Christopher Calavitta as a Senior Vice President in its Infrastructure, Utilities and Renewables group. He will report to Thomas Houle, Managing Director, Macquarie Capital, who manages Macquarie’s energy infrastructure development team based in Austin, TX. The team provides development capital and advisory expertise to a broad range of infrastructure development projects in the Americas.
“Infrastructure development is a core business for Macquarie, and Chris will be instrumental in originating, financing and advising clients on energy project development,” said Nick Butcher, Head of North American Infrastructure for Macquarie Capital. “His experience in project finance and capital-raising, combined with extensive knowledge of both mature and development-stage energy infrastructure projects, further strengthens our team’s ability to provide expert advice and holistic solutions to clients.”
Mr. Calavitta brings more than seven years’ banking experience in wind, hydro, solar and alternative energy, and has worked on a significant number of transactions of note throughout North America. He was most recently at Brookfield Renewable Energy Group, and has also worked at Renewable Energy Systems Americas and Panda Energy International.
Mr. Calavitta has a BS in Management from Tulane University, where he graduated Summa Cum Laude.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 13,900 people and has assets under management of over $359 billion (as of September 30, 2013).
Macquarie Capital provides advisory, capital raising and principal investing to corporate, financial sponsor and government clients involved in M&A, debt and equity fund raising, corporate restructuring, project finance and Public Private Partnerships. In the US, Macquarie Capital has continued to expand its client offerings, creating deep specialist sector expertise through targeted acquisitions and key hires, and building a comprehensive advisory and capital markets platform.
Macquarie Capital’s Power, Utilities and Renewables team combines corporate advisory expertise and principal investing experience with a dedicated focus on companies operating in the generation, transmission, distribution, retail energy marketing, midstream, water, solar, wind, biomass, and waste industries. With more than 40 dedicated power, utilities and renewables professionals in New York, Toronto, Austin, and Mexico City, Macquarie Capital is a substantial and active player in the North American market, having advised on more than $15 billion of utility acquisitions in the last five years.
For more information, visit www.macquarie.com/us and www.macquarie.com/blueprint