After Doubled ARR, Leading Software and Game Development Acceleration Platform Incredibuild Raises $35M Led by Hiro Capital, Significantly Boosting Its Valuation
IThe investment will be used to drive Incredibuild’s innovation and growth in areas such as AI, Metaverse and more, as well as improve its supercomputing platform
TEL AVIV, Israel, June 27, 2022 /PRNewswire/ — Incredibuild, creator of the leading hybrid development acceleration platform for developers and DevOps teams, today announced that it has raised $35 million in Series B funding after doubling its ARR, significantly increasing its valuation. Hiro Capital, the VC founded by an entrepreneur specializing in video games, creator platforms and Metaverse technologies, led the round with participation from existing investor Insight Partners. Insight Partners took a stake in Incredibuild to $140 million a little over a year ago in a multi-pronged round, joining Fortissimo Capital, which invested in the company in 2018.
In a world where user retention has become increasingly vital and rapid software releases are increasingly urgent, Incredibuild has created the industry-leading hybrid acceleration platform to support accelerated development. By turning every machine on the network into a supercomputer, Incredibuild’s technology dramatically accelerates software creation, radically boosting development and test cycles for all industries, including gaming, automotive, financial services, software services, interactive entertainment and in-vehicle technologies.
Incredibuild’s powerful distributed processing, easily deployed on-premises, in hybrid mode and in the cloud, and its unique Build Cache acceleration technology, improve product quality, shorten time to market and increase customer satisfaction, while reducing computational costs and time spent managing resources. Incredibuild helps businesses in all industries release their digital products faster, at lower cost, and with higher quality, increasing the number of mission-critical applications and solutions businesses are able to release each year. Leading brands rely on Incredibuild to shorten time to revenue (TTR) and dramatically increase developer satisfaction and team efficiency, including Epic Games, Adobe, Citibank, Microsoft and many more.
“Game companies are feeling the pressure on developer capacity. Incredibuild is giving developers back valuable time by speeding up build compilation,” said Cherry Freeman, co-founding partner at Hiro Capital. “Amazing game companies like Tencent, Take Two, EA, Konami, Nintendo, Capcom and WB Games are already reaping the benefits of Incredibuild and we hope more companies will discover and take advantage of their brilliant technology. As always, games are on the cutting edge of technological progress, and we envision a future where Incredibuild is the de facto distributed supercomputer on every machine of every company. This trip also marks Hiro’s first investment in Israela country with a phenomenal technology record, where we hope this is just the first of many future investments.”
“Enterprises are under unprecedented pressure to accelerate the release of high-quality applications, to get to market faster with less overhead,” said Tami Mazel Shachar, CEO of Incredibuild. “We view Hiro’s investment, combined with our significant revenue growth, as validation that our market-leading platform has and will continue to help businesses across many industries improve their ROI and total cost of ownership and stay on top of their game. We partner with developers and customer-facing teams to continually improve our platform. At Incredibuild, we believe Development never stops.”
During this year, both AWS and Microsoft announced partnerships with Incredibuild to integrate its game stacks to accelerate the move to the cloud transformation of customers and partners around the world.
In addition to enhancing platform capabilities and increasing customer value, the funds will be used to expand Incredibuild’s global market presence and accelerate the rollout of its community programs, developers and cloud, strengthening the company’s ties with developers and strategic partners.
Incredibuild has created the industry-leading hybrid acceleration platform for development processes – builds, CI/CD builds, testing, and more. Its Virtualized Distributed Processing™ technology recruits CPUs to turn each host into a supercomputer with hundreds of cores. Incredibuild’s powerful distributed processing and unique build caching solutions accelerate development and test cycles and increase the efficiency of every development sprint and iteration frequency – improving product quality, increasing satisfaction developers and reducing time to market while dramatically reducing on-premises and cloud computing costs.
Incredibuild has over a quarter of a million users from 2,500 global organizations, including many Fortune 100 companies. Tel Aviv with offices in the United States, JapanUK and China, Incredibuild was founded on the principle that there is time to build and time to release. Frequent updates don’t just save time and money; it is the competitive advantage of a company. Learn more at incredibuild.com
Incredibuild Media Contact
+1 929 255 1449
About Hiro Capital: Future investors
Hiro Capital is a London / Luxemburg Technology Venture Capital Fund which invests in UK, US and European innovators in video games, Metaverse technologies, creator platforms and gamified fitness. Hiro Capital typically invests in the Seed, Series A and B stages. We invest in both front-end content creators in games, esports and digital fitness and deep tech metaverse applications of Cloud, Web3 technologies , Mobile, Streaming, Big Data, AI, Wearables, AR and VR.
We support experienced entrepreneurial teams, building innovative technologies and content with a highly differentiated proposition and with the opportunity to scale to become very big. We are Games and Metaverse investors who are also Games and Metaverse entrepreneurs. We are entrepreneurs supporting entrepreneurs. Our core belief is that video games, metaverse technologies, creator platforms and playful fitness will be a central pillar of entertainment, economic and social life in the mid-21st century. We invest in the innovators who are building this future. https://hiro.capital/
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