GitLab, a leading code management platform for developers, recently raised $20 million in a Series C funding led by GV (formerly Google Ventures), which has brought GitLab’s total funding to over $45.5 million to date.
The funding will be used for building ‘Complete DevOps’, a solution that merges development and operations into a single user experience. The Complete DevOps will reduce friction, increase collaboration, and drive a competitive advantage. The investment will be used to add new functionality for packaging, releasing, configuring, and monitoring software.
“The Fortune 500 is racing to build world-class software development organizations that mirror the speed, productivity, and quality of the largest tech companies. As these organizations strive 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 emphasis on collaboration and automation. GitLab’s hybrid, multi-cloud solution is loved by developers, and is seeing tremendous traction in the field.” – Dave Munichiello, GV General Partner.
GitLab, a leading self-hosted Git repository management tool, began operations in 2014 as an open source tool based on Git for self-hosting code repositories. The company has since then expanded its product line to provide code review, automation tests, source code management, and application monitoring systems for accelerating and simplifying software development process. It is currently in use by more than 100,000 organizations including Ticketmaster, ING, NASDAQ, Sony and Intel.
Along with Series C funding round, GitLab has announced that WordPress founder Matt Mullenweg is joining the company’s executive board.
“GitLab’s powerful momentum and scaling have a lot of parallels to Automatic and WordPress in their early days. WordPress had to battle a lot of competitors, and ultimately came out on top as a successful company on an open source business model. I hope to help GitLab achieve the same triumph. Fundamentally, I want to help create the kind of internet that I want to live in and I want my children to live in, one that reaches a global audience and one that is able to make a difference.” – Matt Mullenweg, founder of WordPress.