The company will use the investment to support its hybrid development acceleration platform and expand its business operations across various industries including AI and the metaverse.
Incredibuild, the Israeli-based company that creates a hybrid development acceleration platform for developers and DevOps teams, announced it has raised $35 million in a Series B funding.
The round was led by Hiro Capital, the entrepreneur-founded venture capital firm focused on video games, creator platforms, and metaverse technologies, with the participation of Insight Partners which already backed the company a little over a year ago when it acquired a stake in Incredibuild for $140 million.
According to the company, the raised capital will go towards supporting the development of its platform as well as expanding its business operations across various industries including AI and the metaverse.
"As always, Games are the cutting edge for technological advancement, and we envisage a future where Incredibuild will be the de facto distributed supercomputer on every machine in every company," Co-Founding Partner at Hiro Capital Cherry Freeman said. "This journey also marks Hiro's first investment in Israel, a country with a phenomenal technology track record, where we hope this is just the first of many future investments."
"Enterprises are under unprecedented pressure to expedite the release of high-quality applications, to get to market faster with less overhead," Incredibuild CEO Tami Mazel Shachar added. "We see Hiro's investment, combined with our significant revenue growth, as validation that our market-leading platform has and will continue to help companies from numerous industries improve ROI and TCO and stay at the top of their game."
You can learn more about the investment here. Also, don't forget to join our new Reddit page, our new Telegram channel, follow us on Instagram and Twitter, where we are sharing breakdowns, the latest news, awesome artworks, and more.