PLEASANTON, Calif., June 10, 2021 /PRNewswire/ -- Premier technology growth equity investor Full In Partners announced that it has led a significant follow-on investment in existing portfolio company, AutoRABIT. The leading provider of Salesforce release management platform for regulated industries, AutoRABIT is trusted by top development organizations at Anthem, Wells Fargo, Blue Cross Blue Shield, Aetna, Intuit, and many others.
The $14.5M in new funding is a combination of equity from Full In and debt from Bridge Bank and comes on the heels of a transformative year for AutoRABIT. The company recently acquired CodeScan, a premier player in code quality, compliance and security analysis for the Salesforce developer community and is seeing net new ARR growth of upwards of 100% from 2020.
Proceeds from this financing will help to further accelerate go-to-market as well as new product development that better enable Salesforce customers to accelerate development while enhancing security and compliance.
"Since their initial investment in February 2020, Full In has been instrumental in supporting our management team buildout, financial planning, and most recently our M&A and debt processes," commented Vishnu Datla, Founder and CEO of AutoRABIT. "This latest investment will help us to accelerate our customer's digital transformation journey with a shift-left strategy. With the recent increase of cyber attacks and ransomware, security and compliance have become primary concerns for regulated industries like banking and healthcare."
"We're excited to deepen our commitment to AutoRABIT with this follow-on financing," added Elodie Dupuy, Managing Director and Co-Founder at Full In. "The company is currently going through an exciting acceleration in its growth, and we look forward to deploying further strategic and operational resources to help them capitalize on the current market opportunity."
About Full In Partners
Full In Partners is a premier NYC-based growth equity firm founded in 2019 by Elodie Dupuy, Jess Davis and Eric Tonkyn. The firm is focused on backing high-velocity, high-efficiency software and internet businesses while providing a more founder-friendly approach through proactive operational and strategic support. To learn more about Full In, please visit: https://fullinpartners.com.
AutoRABIT's DevSecOps Platform enables Salesforce development teams to improve the quality of their releases at scale through a suite of CI/CD tools that enable teams to configure, build, test, and manage development environments and deployments. The platform also supports data protection and optimization through a suite of Salesforce DataOps tools that enable development teams to retrieve greater insights from their own data while ensuring robust backup and protection. The addition of CodeScan's code analysis technology adds a code security layer to the existing platform. Visit https://www.autorabit.com for more information.
Contact: Kris Gabert, [email protected]
SOURCE Full In Partners