Cambridge-based tooling provider for Salesforce software, Gearset has raised $55 million in funding from Boston-based growth equity firm Silversmith Capital Partners. The investment marks the first time the company has raised outside capital since its founding six years ago.
The extra cash will enable the startup to expand its product offering, grow sales and marketing, and scale the team across the U.S. and the U.K. The company has expanded globally with new offices in Chicago and Belfast.
Founded by Kevin Boyle and Matt Dickens, the startup helps enterprises deliver their digital initiatives by enabling technical, low-code and hybrid teams to operate a DevOps process with just clicks, lowering the barrier to entry and increasing the speed and reliability of development. It currently runs 250,000 deployments a month across more than 1,700 companies from SMB to enterprise organisations, including McKesson, Zillow, Traction on Demand, Intercom, Accenture, IBM and Johnson & Johnson.
Gearset CEO and co-founder, Kevin Boyle said: “When we started Gearset, DevOps was largely the province of highly technical software teams, and we wanted to change that. Over the last six years, we’ve focused on making our users successful, and built a product that solves the hard problems in Salesforce DevOps, while being easy to use for teams of all technical backgrounds. Many enterprises are still early in their digital transformation, and we’ve got a huge opportunity to help them realise the benefits of DevOps as they increasingly rely on low code solutions.”
Silversmith general partner Sri Rao added: “Gearset’s focus on building exceptional products, investing in customer success and fostering company culture has established a strong foundation to build upon.”