Skytap Raises $35M For Its Cloud-Based Enterprise Development And Testing Service
Skytap is a service that aims to help dev and test teams in the enterprise work more efficiently (and test their code more often). The company today announced that it has raised a $35 million funding round led by Insight Venture Partners, with participation from all of the company’s previous investors, including OpenView Venture Partners, Ignition Partners, Madrona Venture Group, and Washington Research Foundation. Insight Venture Partners also invested in New Relic, which went public earlier this month, and Docker.
With Skytap, enterprises can re-create their production environments in the cloud to more effectively test their applications before they go live. The company says it will use the new funding to “fuel new levels of product innovation for enterprise-ready development and test environments,” and to expand its go-to-market capacity and bring more partners on board.
“Skytap matches Insight’s focus on supporting high growth SaaS and cloud companies,” said Deven Parekh, Managing Director at Insight Venture Partners, in a statement today. “Skytap is driving a transformative change in its industry by empowering companies to deploy innovative software more rapidly. With this funding we expect Skytap to continue on its current growth trajectory and further solidify itself as the leader in enterprise-ready development and test environments.”
The company says it has doubled revenue and headcount over the last year (though it didn’t share any actual revenue numbers, so we don’t know what the baseline is). Skytap currently has 275 enterprise customers (up from around 250 in January). Its partner program now features 12 business partners and 25 technology alliance partners, including the likes of Microsoft, HP, IBM, Oracle, Cloudera, CentOS, RedHat and Ubuntu. The company also recently expanded its support for using its services on Amazon’s AWS platform.
Skytap (which was originally called Illumita, previously raised $29.5 million in various funding rounds, starting with a Series A in 2007.