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Incredibuild Receives $140m From Insight Partners

LATER VENTURE | ANNOUNCEMENT DATE: 17 MAR 2021
WRITTEN BY | 23 Mar 2021
Incredibuild Receives $140m From Insight Partners
LATER VENTURE

💵 Investment

  • Incredibuild, a Tel Aviv-based distributed computing company, has received a $140m investment from US-based venture capital firm Insight Partners, by selling its shares

  • Teddie Wardi and Lonne Jaffe, managing directors of Insight Partners, as well as senior associate Brad Fiedler, will join Incredibuild’s board of directors. Insight Partners will become the majority shareholder of Incredibuild after the transaction closes

  • The funds will be used to broaden Incredibuild’s activities in the United States to meet the rising demand for its software development acceleration technology

🎲 Product

  • Incredibuild allows companies to leverage their computing resources more efficiently, sharing idle power across the network, thus securing a competitive advantage for the customers, who can cut their release cycles by up to 80%

  • Incredibuild’s solution, designed for both the cloud and on-premise environments, also reduces compute costs by up to 30%

  • Microsoft, Amazon, Citibank, Barclays, Adobe, Disney, Intel, Samsung, EPIC Games, and Nintendo are among the 800 customers who use Incredibuild to speed up the development cycle at various stages

💵 Business Highlights

  • Businesses are searching for ways to develop and ship software versions faster without sacrificing efficiency, and Incredibuild, which has been profitable since its founding, has seen a 55% rise in sales in the last year

  • Incredibuild was purchased by Fortissimo Capital, an Israeli private equity firm, in 2018. Its current valuation is estimated between $300m and $400m

  • This round of funding is the company’s first major outside investment since it was purchased by Fortissimo

Source: INSIGHT PARTNERS’ PRESS RELEASE, CTECH

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💵 Investment Incredibuild, a Tel Aviv-based distributed computing company, has received a $140m investment from US-based venture ...
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LATER VENTURE
Incredibuild
  • Established in 2002

  • Headquarters — Tel Aviv, Israel

  • Founded by Uri Mishol and Uri Shaham

  • Team of 101 employees

  • Distributed computing solutions developer