GitLab, a collaboration and DevOps platform for developers that’s presently being used by over 100,000 organizations, today proclaimed that it has raised up $20 million..
Series C round led by GV. This brings GitLab’s entire funding to date to just over $45.5 million.
Series C round led by GV. This brings GitLab’s entire funding to date to just over $45.5 million.
Furthermore, the new capital, GitLab also said that WordPress founde,r Matt Mullenweg is joining the company’s board.
As its name implies, GitLab started out as a git-based open source tool for self-hosting code repositories. Since its launch in 2014, the company is diversified , though, and added a number of more DevOps-centric services to its lineup. This comprise of a number of workflow tools, but also quality that make code review/test/release automation and even application monitoring easy.
It’s probably may not be a surprise then that the company now sees it as its goal to “develop a seamless, unified product for recent software developers and become the application for software development in Kubernetes”.
“The Fortune 500 is racing to build world-class software development organizations that illustrate the speed, efficiency, and superiority of the largest technology companies. As these organizations work so hard to produce high-quality code at scale, they will need best-in-class tools and platforms. GitLab’s platform accelerates the development process with an importance on cooperation and mechanization,” said Dave Muniredichiello, GV General Partner, in a recorded statement today. “GitLab’s hybrid,incredible traction developers are in love with the multi-cloud solution, and is seeing icredible traction in the field.”
Present GitLab users include the likes of Ticketmaster, ING, NASDAQ, Sony, VMWare and Intel.
As for the capital itself, The company says that it aim to use it to add “new efficiency for packaging, discharging, configuring and monitoring software.”
GitLab does face competition from the likes of GitHub and Atlassian’s BitBucket, though the company argues that its tools presently stand for two-thirds of the self-hosted git market.