Software DevOps Platform Gearset Raises $55M

- Advertisement -


Gear, a tool provider for Salesforce software, announced today that it has raised $55 million in a tranche of funding led by Silversmith Capital Partners. Co-founder and CEO Kevin Boyle said the new money will go towards expansion Gearoffering products, expanding its sales and marketing functions, and scaling the team to the US and UK.

- Advertisement -

Gearset was founded in 2015 by Boyle and Matt Dickens, two software engineers who spent most of their careers building DevOps solutions at companies such as EA, Red Gate Software, and HP. (“DevOps” here refers to a set of practices and tools that automate and integrate software development processes between engineering and IT teams.) According to Boyle, they realized there was room to improve the tools in the Salesforce ecosystem, which led them to found Gearset.

- Advertisement -

“Enterprises are investing in Salesforce because it can be easily tailored to specific business requirements… [b]but it is difficult for their teams running on this platform to deliver business-critical applications and improvements in a timely, secure and reliable manner,” Boyle said in an emailed interview with TechCrunch. “Large enterprises in particular tend to struggle with multiple workflows, disparate Salesforce development approaches across the business, and myriad development environments that can contain business data. Management is becoming a major problem.”

According to Boyle, Salesforce hundreds types of metadata and settings to contend with. In addition, there may be dependency issues between different types of Salesforce software components.

Gear

- Advertisement -

Image credits: Gear

The Gearset solution is a set of tools for deploying and maintaining Salesforce software across an organization. The platform can automatically recommend fixes for packages, such as backing up and restoring data, and comparing metadata changes. Garset also offers a visualization of a company’s software release pipelines, including status information and branching options.

Gearset can be used as a standalone platform or integrated with existing tools and processes. From the dashboard, developers can make changes to Salesforce environments, set up automatic pipelines to deliver updates, and view an audit history of all implemented changes.

“The concept of modern DevOps is just beginning in the Salesforce community, so Gearset is focused on providing both a solution and training to help everyone in the ecosystem understand and implement best practices in their organizations,” Boyle added. “By adopting Gearset and implementing DevOps, the Salesforce enterprise team can quickly hand off work to the business, including continuous feedback and allowing the business to move with agility. DevOps is also a much more robust approach that greatly improves the visibility of the release pipeline and protects the business’s investment in Salesforce.”

Gearset is not the first to bring Salesforce DevOps to the market. Competitors include Copado, Fiosum, OwnBackup and autorabit. But Boyle says that demand for Gearset “shows no signs of slowing down” given that the Salesforce DevOps platform market is tied to Salesforce’s growth, which remains strong. One evaluateSalesforce held 32.2% of the customer relationship management software market in 2021.

“Gearset is fast approaching 2,000 customers [including] McKesson, Accenture, IBM, Sage, Intercom, Johnson & Johnson, Veolia, Zillow, Sonos and Tripadvisor,” Boyle said. “Gearset has over $25 million in annual recurring revenue and is profitable. [We’ve been] loaded to date; this is our first institutional round.”

Gearset, based in Cambridge, plans to increase its workforce from 150 to 220 by the end of the year.


Credit: techcrunch.com /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox