HomeFrance-StartupsParis-based SensioLabs secures $7 million in a Series A round

Paris-based SensioLabs secures $7 million in a Series A round

SensioLabs, the Paris-based creator of the PHP framework Symfony, today announced the closing of a $7 million financing round from CM-CIC Private Capital. The fresh capital will enable the company to accelerate its international growth and continue its PHP language tool development.

PHP is the most commonly used programming language on the web, composing 75% of all internet sites. Created in 2005 by Fabien Potencier, Symfony is a PHP development framework used by numerous popular open-source projects (such as Drupal, phpBB, eZ Publish, etc.) and thousands of companies worldwide (such as Dailymotion, Yahoo!, Blablacar). Adopted by a community of over 100,000 developers, Symfony and its components are downloaded more than a million times every month and are recognised as one of the most professional open-source solutions available in PHP today.

Founded in 2012, SensioLabs helps developers and companies find answers to issues with the Symfony framework and PHP language in their specific applications. Beyond offering service and support, SensioLabs conceives products destined for companies and developers, their goal being to improve quality, deployment and an easy management of their PHP applications. The first solution, SensioLabsInsight, is designed to measure code quality in PHP applications, and has been available in beta version since October 2013.

With six offices throughout France, Germany and the UK, the company will develop its overseas activities, namely in the US, to support an increased use of Symfony in said market. With more than 80 collaborators, the company earned €7 million in 2013 and anticipates hiring 100 people between now and 2015.

Nicolas Meunier, Director of Participation, of CM-CIC Private Capital, commented: ”We have been following the Symfony adventure for several years and are happy to join Fabien and Gregory in this new stage of development. We share their keen vision of the continual evolution of the web and appreciate the quality of their product and entrepreneurial road for the last 15 years.“

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).
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