Venture Capital

ReleaseHub Reels In $20 Million Series A

ReleaseHub, a fully-remote company that was based in San Francisco, has completed a $20 million Series A funding round.  Led by CRV with participation from Sequoia, Y Combinator, Bow Capital, Artisanal Ventures, Hack VC and angel investors Amit Agarwal (Datadog), Bill Clerico (WePay) and Chase Gilbert (Built Technologies), the Series A follows a $2.7 million seed round in April 2020.

ReleaseHub solves the universal problem of the costs and difficulty of creating, managing and maintaining increasingly complex environments for software developers. Customers of ReleaseHub are using EaaS to create cloud native full-stack environments with data, on-demand. These environments are being used for previewing and QA’ing features in the dev workflow, demoing software with sales demo environments, running production applications and delivering SaaS products into their customer’s virtual private clouds. ReleaseHub’s EaaS delivers an exceptional and simple development experience with environments as its core, with the full capability of the major cloud providers.

“Making developers and organizations more effective and efficient has been a problem and a challenge everywhere we’ve worked,” said co-founder and CEO Tommy McClung. “In addition, development in the cloud has become more complicated. Using Kubernetes and deep integrations with each cloud provider to facilitate the ability to reproduce environments, ReleaseHub can replace a ton of work that has been a bespoke maintenance nightmare  allowing developers to do it instantaneously.”

Part of the Y Combinator winter 2020 cohort, ReleaseHub was founded by McClung along with Erik Landerholm and David Giffin. They previously led the technology team at an ecommerce company where they spearheaded the companywide effort to remove environment bottlenecks. There were no commercial solutions at the time so the founders built their own environment management  solution and soon after launched ReleaseHub to commercialize EaaS.

“Time and time again we hear from technology companies that managing their environments is becoming increasingly complex as we move to hybrid and microservice based architectures,” said James Green, venture investor at CRV.  “Given this complexity, a logical step to making development teams more productive is a platform to automate many of these workflows around environments. We came across ReleaseHub through the developer community and were blown away by their product and progress. The team experienced this pain themselves while on the leadership team at TrueCar and are now solving this issue at many complex organizations including Shogun, Monad Security and BraveCare. We’re delighted to partner with them.”