Grid computing software developer Incredibuild raises $140M

cloud computing
Join Transform 2021 this July 12-16. Register for the AI event of the year. Incredibuild, a developer of grid computing software, today announced that it secured $140 million in funding from ScaleUp investor Insight Partners. The Tel Aviv, Israel-based startup says that the investment, which includes both primary and secondary components, will help expand Incredibuild’s U.S. operations to meet demand for its technology. Computationally intensive tasks like compiling software are often a massive time sink in development. According to Statista, 40% of engineers attribute software project failure to under-resourcing, with 22% blaming missed delivery timeline expectations and 21% pointing at time constraints and premature software releases. Incredibuild, which was founded in 2002 and inspired by NASA’s [email protected], offers a suite of grid...