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This acquisition aims to enhance Incredibuilds capabilities in speeding up CI pipelines and improving development efficiency. Concurrently, Incredibuild is laying off 18 employees, about 11% of its workforce, to align with the new strategic structure post-acquisition. The company plans to integrate Gardens technology to reduce development times significantly. Despite the layoffs, Incredibuild is hiring for the acquired companys team. The acquisition is seen as a strategic move to enhance Incredibuilds platform, aligning with its mission to streamline software development processes. Incredibuild has raised $55 million to date from investors such as Hiro Capital, Insight Partners, and Fortissimo.","partners":null,"customers":null,"investors":["Hiro Capital","Insight Partners","Fortissimo"],"confidence":10,"key_topics":["acquisition","layoffs","CI pipelines","software development","efficiency"],"date_of_event":"End of 2023","valuation_amount":null,"impact_on_company":"growth-positive","investment_amount":null,"structured_issues":["Acquisition","Layoffs"],"acquisition_amount":65000000,"structuredIssuesShow":"#Acquisition  #Layoffs","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"E20J8TvtRDhxHVJMRqfeDnzI8ytVJtUyJx8PEQDvoHDaK9eE28KblT","news_summary":"The German startup’s open-source tools help developers to speed up CI pipelines, increasing deployment frequency and shortening development cycles. At the same time, Incredibuild began the process of laying off 18 employees.","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"h0Gk4lo5jemavYP3MyfB4Y2tYa3QG2QKgp5MLvwxnSAVG9EzLYFxYF","date":"Dec 15, 2023","link":"https://siliconangle.com/2023/12/15/how-incredibuild-enabling-game-developers-harness-cloud-efficiency-gains-awspartnershowcases1e2/","source":"siliconangle.com","visible":1,"analysis":{"tags":"Game Development, Cloud Computing","company":"Incredibuild Software Ltd.","layoffs":"N/A","summary":"Incredibuild Software Ltd. is revolutionizing the game development industry by significantly reducing build times and increasing developer productivity. The company uses a combination of distribution and caching strategies to dramatically reduce build times. It leverages spare processing power from various sources, such as laptops, servers, and cloud instances, to expand a developers machines capabilities during the build process. It also employs caching to store data, allowing developers to avoid redundant builds by only compiling what has changed since the last build. Incredibuild also supports remote teams by enabling them to tap into the power of the cloud, utilizing as many computing resources as they need without the need to maintain on-premises hardware.","partners":"N/A","customers":"N/A","investors":"N/A","confidence":9,"key_topics":["Game Development","Cloud Computing","Build Times","Remote Work","Efficiency"],"date_of_event":"N/A","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Expand","acquisition_amount":"N/A","structuredIssuesShow":"#Expand","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"6IIlOBfyg26P1CM4stheW360YxwzURlo8UFpPmtsSJyWzXjSjItQlP","news_summary":"How Incredibuild is enabling game developers to harness the cloud for efficiency gains - SiliconANGLE","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"4lAHMfVqA5cbhnrH8ulXwEeujPO9MrXw5qR6CyO4mw2NnpiddzkV5P","date":"Dec 5, 2023","link":"https://www.calcalist.co.il/calcalistech/article/s1s2bu2bt","source":"www.calcalist.co.il","visible":1,"analysis":{"tags":"Layoffs, Downsizing","company":"Incredibuild","layoffs":"40","summary":"Incredibuild, a company that develops a hybrid development platform for developers and DevOps teams, is laying off 20% of its workforce, which equates to approximately 40 employees globally. The company currently employs 215 people, 150 of which are based in Israel. The layoffs are part of a restructuring process aimed at ensuring long-term business growth and improving the speed of the software development process for its customers. Incredibuild has raised $55 million to date from investors including Hero Capital, Insight, and Fortissimo.","partners":"Not mentioned","customers":"Not mentioned","investors":"Hero Capital, Insight, Fortissimo","confidence":"8","key_topics":"Layoffs, Downsizing, Software Industry, Business Strategy, Technology","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"Growth-Negative","investment_amount":"$55 million","structured_issues":"Layoffs","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Layoffs","entityGrowthIconPath":"url(/assets/circle-red.svg);"},"sentiment":"Growth-Negative","analysisId":"j7YlyyuoGqwSaakodwgoOMrZLenI6k7k0RwyRDqJ4F5su5iDPEBOrT","news_summary":"חברת התוכנה אינקרדיבילד מפטרת עשרות עובדים - מרביתם מישראל | כלכליסט","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"pINp8I4MrOxjWK6pNBaO1Qk1MrJqlv3K750hGaBS9o4OcRY3S0tC4s","date":"Sep 12, 2023","link":"https://www.incredibuild.com/news/incredibuild-provides-game-changing-development-acceleration-technology-to-epic-megagrants-recipients","source":"www.incredibuild.com","visible":1,"analysis":{"tags":"Partnership, Investment","company":"Incredibuild","layoffs":"Not mentioned","summary":"Incredibuild, a leading acceleration platform for developers and DevOps teams, has announced its contribution to Epic MegaGrants recipients through the Mega Perks program. The company has granted up to an estimated US$2 million worth of free licenses, special offers, discounts, and other perks to more than 150 members of the recipient community. The platform allows developers to accelerate their builds, transforming any core on their network into a supercomputer, and drastically reducing infrastructure costs. Incredibuilds newly patented Build Cache technology will also be available to recipients, enabling build servers to reuse cached artifacts that were already compiled elsewhere in the organization.","partners":"Epic Games","customers":"Epic MegaGrants recipients","investors":"Epic Games","confidence":9,"key_topics":["Development Acceleration","Epic MegaGrants","Game Development","Build Cache Technology","Unreal Engine"],"date_of_event":"September 12, 2023","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"US$2 million","structured_issues":["Partners","Investment"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Partners  #Investment","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"gpW7K6vXDrLWctFabSrPq0Lme9JsYYD2UmC7yS5kN04YQk2B16QVHI","news_summary":"Incredibuild Provides Game-Changing Development Acceleration Technology to Epic MegaGrants Recipients - Incredibuild","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"QomDqbV5dp6FLscYMZSuLva8eRXDJqGD6ajXimfhzlfHw4fV2weypq","date":"Sep 11, 2023","link":"https://devops.com/tips-for-increasing-developer-velocity-in-the-ai-age/","source":"devops.com","visible":1,"analysis":{"tags":"AI, Developer Velocity, DevOps","company":"Incredibuild","layoffs":"Not mentioned","summary":"Incredibuilds chief evangelist, Dori Exterman, discusses strategies to enhance developer velocity in the era of AI-assisted code development. He suggests optimizing foundational development processes, embracing test automation, and investing in platform engineering. He also highlights the importance of managing technical debt and enabling observability. Exterman emphasizes the need for a robust internal developer platform that supports the seamless transition of code from development to staging and production. He also suggests the use of tools like gitStream for continuous merge, a new concept aimed at decreasing the window between a pull request, review, and merge.","partners":"GitHub, Microsoft, Launchable, Terraform, Earthly, Portworx by Pure Storage, New Relic, Datadog, LinearB","customers":"Not mentioned","investors":"Not mentioned","confidence":8,"key_topics":"AI-assisted Development, Testing Automation, Platform Engineering, Technical Debt, Observability","date_of_event":"Not mentioned","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":"Customers, Management Changes","acquisition_amount":"Not mentioned","structuredIssuesShow":"#Customers, Management Changes","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"gLh4RE4AuADtDRZYmbEaFxQeq2SbLguxvVwY8RmI59q0bq6O6Jt1jY","news_summary":"Tips for Increasing Developer Velocity in the AI Age - DevOps.com","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"sG18d8sU1J4pZQzNZdn773xJNSQSShgoAO8xgwCCVRf2O5j5uRifaG","date":"Sep 1, 2023","link":"https://venturebeat.com/games/how-incredibuild-accelerates-game-development-the-deanbeat/","source":"venturebeat.com","visible":1,"analysis":{"tags":"Cloud Gaming, Game Development","company":"Incredibuild","layoffs":"Not mentioned","summary":"Incredibuild, an Israeli company, is helping game developers fully utilize their servers processors by breaking down game code and determining the best way to execute it across distributed computing platforms. The companys CEO, Tami Mazel Shachar, explained that Incredibuild can help reduce both time and cost for developers. Bandai Namco uses Incredibuild to eliminate nightly build runs, reducing some tasks to just 40 minutes. Incredibuild has grown to around 200 employees and has opened offices in Tokyo, Chengdu, and the U.S. The company has also received investment from Insight Partners and Hiro Capital.","partners":"Microsoft, Intel, AMD","customers":"Bandai Namco, Epic, EA, Sony, Konami, Square Enix","investors":"Insight Partners, Hiro Capital","confidence":10,"key_topics":["Cloud Gaming","Game Development","Incredibuild","Bandai Namco","CPU Utilization"],"date_of_event":"September 1, 2023","valuation_amount":"Not mentioned","impact_on_company":"growth-positive","investment_amount":"Not mentioned","structured_issues":["Customers","Partners"],"acquisition_amount":"Not mentioned","structuredIssuesShow":"#Customers  #Partners","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"SWonQSlY6yhC2tqBetgpSDY0cpW7N2G7cobTjP8VauiLMwR5PxXCu2","news_summary":"How Incredibuild accelerates game development | The DeanBeat","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"WN30yPlSeAtqxiWYKfjkcDytSqTN2TSO25hTrHxNGIeyqNlFLAg6M4","date":"Jun 6, 2023","link":"https://www.tech12.co.il/index-career/Article-02262017cef8881026.htm?sCh=cf25c425b37bc710&pId=18758941771","source":"www.tech12.co.il","visible":1,"analysis":{"tags":"Childrens Book, Encouraging Girls, Entrepreneurship","company":"Incredibuild","layoffs":"N/A","summary":"Incredibuild, a tech company, has published a third childrens book aimed at encouraging young girls to become entrepreneurs and explore technology. The book, titled Sophie and the Dream Factory, is available for free on the companys website. The companys book series is designed to expose children to entrepreneurship and technology from a young age. The book encourages girls to leverage technology to realize their dreams.","partners":"N/A","customers":"Young Girls","investors":"N/A","confidence":9,"key_topics":"Childrens Book, Entrepreneurship, Technology, Girls in Tech, Free Access","date_of_event":"06/06/2023","valuation_amount":"N/A","impact_on_company":"growth-positive","investment_amount":"N/A","structured_issues":"Customers","acquisition_amount":"N/A","structuredIssuesShow":"#Customers","entityGrowthIconPath":"url(/assets/circle-green.svg);"},"sentiment":"growth-positive","analysisId":"3AGnfrPJltdkvXLxLXHXSrXXLNo9B6PTyOlvGBAZoF2DBuWFdnq5vJ","news_summary":"The high-tech company that published (another) children's book that will encourage girls to be entrepreneurs","analysisStructuredIssuesDisplay":"block","analysisImpactOnCompanyDisplay":"block"},{"id":"ZDBrfGnhKRiuadtqQ1gC9MJWUvWaGrlGxwOVKKKb8BU8mcKXoCgZFT","date":"Nov 28, 2022","link":"https://techtime.co.il/2022/11/28/incredibuild-5/","source":"techtime.co.il","visible":1,"analysis":{"tags":"software","company":"Incredibuild","layoffs":null,"summary":"Incredibuild has launched a platform for accelerating software development in the automotive industry. The platform utilizes the companys virtualization technology to map and allocate processing resources within the organization, both locally and in the cloud, for high-intensity development tasks. The platform integrates with existing development tools used in the automotive industry. The company is primarily active in the gaming, financial, and semiconductor sectors but sees potential for growth in the automotive industry. The potential customers for the platform include software divisions of car manufacturers, system providers, and independent software companies. In October, Incredibuild released a new version of its acceleration platform, Incredibuild10, which includes features such as data caching and sharing among development teams. 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