Incredibuild, an Israeli startup in the gaming and software development sector, has successfully raised $35 million in Series B funding to enhance product development and expand its market reach, achieving a valuation close to $800 million.

Target Information

Incredibuild is an innovative Israeli startup that has garnered significant attention within the gaming and software development sectors for its platform designed to accelerate the code shipment process while minimizing associated costs during both building and testing phases. The company recently secured $35 million in a Series B funding round aimed at expediting its product development and expanding its ecosystem through enhanced investment in community, developer relations, and cloud initiatives across diverse markets.

This all-equity funding round is primarily led by Hiro Capital, with contributions from prior investor Insight Partners. According to sources familiar with the company, this financing round coincides with a substantial increase in valuation, approximately doubling from its previous valuation of $300-$400 million during a $140 million Series A round in March 2021. The current round suggests a valuation nearing $800 million, underpinned by a doubling of annual recurring revenue (ARR) over the past year.

Industry Overview in Israel

Israel has positioned itself as a prominent hub for technology startups, particularly within the fields of gaming and software development. The nation's robust entrepreneurial ecosystem, buoyed by significant investment from both local and inter