CakePHP was developed by Larry Masters. It emerged around 2005 as the first-ever PHP MVC framework. CakePHP has grown and evolved over the past decade as a prominent and go-to PHP framework. It is currently being maintained by the CakePHP team. CakePHP ships with a lot of features out of the box, just like Laravel. These features include:
A built-in ORM that combines the power of ActiveRecord and DataMapper patterns.
In January 2017, Oven was released by the CakePHP team. Oven is a tool for installing CakePHP without breaking a sweat. Recently, a few days ago to be precise, the CakePHP team tagged the latest release of the framework, CakePHP 3.4.7, otherwise known as Red Velvet. Tasty! It is a maintenance release for the 3.4 branch that fixes several issues submitted by developers. Check out the changelog here.