What is Gitlab?
GitLab offers a complete DevOps platform designed as a single application to streamline all stages of the DevOps lifecycle. This enables concurrent work across Product, Development, QA, Security, and Operations teams on the same project, utilizing a unified data store, user interface, and permission model. Established in 2011 and headquartered in San Francisco, California, GitLab has become a key player in enabling efficient software development and deployment pipelines for organizations worldwide.
How much funding has Gitlab raised?
Gitlab has raised a total of $1.4B across 9 funding rounds:
Multiple Rounds
$11.2M
Series B
$18.8M
Series C
$20M
Series D
$100M
Series E
$268M
Share Placement
$195M
Stock Offering
$801M
Angel/Seed (2015): $1.5M with participation from Khosla Ventures and 500.com
Private Equity (2015): $5.7M, investors not publicly disclosed
Series A (2015): $4M supported by Khosla Ventures
Series B (2016): $18.8M featuring Khosla Ventures, Y Combinator, and August Capital
Series C (2017): $20M backed by GV
Series D (2018): $100M with participation from ICONIQ Capital
Series E (2019): $268M led by Altimeter Capital, Two Sigma Ventures, Y Combinator Continuity Fund, Goldman Sachs, Light Street Capital, TriplePoint Venture Growth BDC, Franklin Templeton, Alkeon Capital, Adage Capital Management, Coatue, ICONIQ Capital, and D1 Capital Partners
Share Placement (2021): $195M supported by HMI Capital, Alta Park, OMERS Growth Equity, Verition Fund Management, and Technology Crossover Ventures
Stock Issuance/Offering (2021): $801M, investors not publicly disclosed
Key Investors in Gitlab
Khosla Ventures
Khosla Ventures is a venture capital firm founded in 2004, focusing on breakthrough technologies across consumer, enterprise, AI, fintech, and sustainable energy sectors. They provide venture assistance and strategic advice to entrepreneurs.
Y Combinator
Y Combinator, established in 2005, is a prominent seed accelerator that provides funding and mentorship to early-stage startups, helping them grow and scale their businesses.
Altimeter Capital
Altimeter Capital partners with technology companies from early growth through public markets, managing concentrated, long-term portfolios and supporting founders with product and strategy.
What's next for Gitlab?
The recent major strategic investment in GitLab positions the company for accelerated expansion and innovation. This capital infusion is expected to fuel further development of its integrated DevOps platform, enhance its market reach, and potentially support strategic acquisitions. As GitLab continues its trajectory, it is poised to further solidify its leadership in the DevOps market, offering a robust solution for enterprises seeking to optimize their software development and delivery processes.
See full Gitlab company page
