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Proceeds from this transaction will be used to speed go-to-market and new product development, allowing Salesforce customers to expedite development while improving security and compliance.
FREMONT, CA: Premier technology growth equity investor Full In Partners has declared that it has led a significant follow-on investment in an existing portfolio company, AutoRABIT. AutoRABIT, the Salesforce release management platform supplier for regulated sectors, is trusted by top development groups like Anthem, Wells Fargo, Blue Cross Blue Shield, Intuit, Aetna, and many more.
The new capital of $14.5 million is a combination of stock from Full In and debt from Bridge Bank, and it comes on the heels of a transformative year for AutoRABIT. The company recently acquired CodeScan, a leader in code quality, compliance, and security research for the Salesforce developer community, and is expecting net new ARR growth of up to 100% by 2020.
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Proceeds from this transaction will be used to speed go-to-market and new product development, allowing Salesforce customers to expedite development while improving 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," stated 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."
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