DevOps darling GitLab pockets another $268m to be valued at $2.75bn

DevOps collaborator, GitLab, has obtained another $ 268 million in funding, raising the value of the equipment to $ 2.75 billion before a 2020 IPO.

The Series E round, led by ICONIQ Capital and Goldman Sachs, brings the total cash paid at the San Francisco-based company to $ 426 million. It had already been reduced to $ 100 million from ICONIQ in 2018, a move that placed the source in the billion-dollar club. That value has more than doubled since then.

CEO Sid Sijbrandij told reporters at the time that he believed that no further investments would be needed before a planned IPO on November 18, 2020. Clearly, he has since found 268 million reasons to complete the chests.

Sijbrandij said today The Register : "The strength of GitLab's business (growth) and the demand for a great market opportunity attracted investors." before exalting the joys of more DevOps categories under one roof. The roof of GitLab, obviously.

In May, the company was eager to emphasize its CI / CD skills, as it sought to go from being considered as something for source management that was not GitHub. While customers could continue with their existing CI / CD tools, the GitLab gang expected users to put Jenkins and Jira aside in favor of their tools.

The team also told us that the next objective was to move towards security and Dynamic Code Analysis. Today's investment will cause some of that $ 268 million to be spent adding functions in areas such as monitoring, planning and, yes, security.

However, while $ 2.75 billion should not be tracked, the company lags behind the $ 7.5 billion hit on GitHub by Microsoft. And GitHub, with its 40 million users and more than 100 million repositories, is adding CI / CD for GitHub shares.

To broaden its audience, GitLab has also launched its Enterprise (Core) product in VMware Cloud Marketplace, with packaging and support taken care of by Bitnami. The measure means that users who prefer to run things on their own infrastructure can quickly implement the source code and CI / CD toolset in VMware.

However, we noticed that at the time of writing this, the product was described in VMware Cloud Marketplace as GtiLab. We are also prone to typo here at Vulture Central and we are relieved that no one has accidentally written "GitHub."

devops darling gitlab pockets another 268m to be valued at 2 75bn That he who is without sni throw the first stone

Labradors with turbocharger, anyone? ®

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