Carmel Ventures leads $7 mln round for Codefresh


Silicon Valley and Israel-based Codefresh, a container lifecycle management platform, has secured $7 million in funding. Carmel Ventures led the round with participation from other investors that included Hillsven Capital, Streamlined Ventures and UpWest Labs.

PRESS RELEASE

MOUNTAIN VIEW, CA – September 29, 2016 – Codefresh, the end-to-end Docker and other container lifecycle management platform, today announced it has raised $7 million in funding. The investment was led by Carmel Ventures and included Hillsven Capital, Streamlined Ventures and UpWest Labs. This new round will allow Codefresh to extend its leadership 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.

“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.

“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,” said Raziel Tabib, CEO and co-founder of Codefresh. “This new capital will help us take microservices architectures mainstream.”

Tabib and co-founder Oleg Verhovsky, the company’s CTO, have extensive experience in the software development industry and held engineering and product leadership positions with HP.

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.

Resources
• Learn more about Codefresh, https://codefresh.io
• Follow Codefresh on Twitter, @codefresh

About Codefresh
Founded in 2014, Codefresh is changing the way companies build and deliver software. It is an end-to-end container lifecycle management platform and enables enterprises and startups alike to immediately benefit from microservices and Docker-based technologies. Based in Silicon Valley and Israel, Codefresh is backed by Carmel Ventures and other world-class investors. Learn more about Codefresh at https://codefresh.io/

About Carmel Ventures
With over $800 million currently under management, several successful exits, and a growing portfolio of promising technology focused companies, Carmel Ventures is among Israel’s top-tier venture capital funds. Carmel Ventures is a member of the Viola Group, Israel’s premier technology-focused PE group with over $2.5 billion under management. For more information, please visit http://www.carmelventures.com

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