Electric Cloud, a Mountain View start-up that helps accelerate the software production process after software code has been written, has raised $9 million in a third round of venture capital.
The funding was led by Rembrandt Venture Partners, and included existing investors Mayfield Fund, RRE Ventures and U.S. Venture Partners.
The company has raised a total of $22.1 million to date. It says it has 38 customers and hopes to be profitable by next year.
From the company’s statement:
Electric Cloud’s product family, ElectricAcceleratorâ„¢, ElectricInsightâ„¢ and ElectricCommanderâ„¢, are designed to accelerate, analyze and automate software production management, which is the build/package/test/deploy process that follows software design and coding. With Electric Cloud solutions, software developers can reduce build times by as much as 20 times, improve engineering productivity and go to market faster.