What is Gitlab?
GitLab is a singular application designed to manage the entire DevOps lifecycle, from planning and development to operations and security. Established in 2011 and headquartered in San Francisco, California, the company offers a unified platform that eliminates the need for disparate tools, fostering concurrent work across teams on the same project. Its single data store, user interface, and permission model ensure efficiency and consistency throughout the DevOps process, positioning it as a leader in the collaborative software development space.
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 500.com and Khosla Ventures
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, August Capital, and Y Combinator
Series C (2017): $20M backed by GV
Series D (2018): $100M with participation from ICONIQ Capital
Series E (2019): $268M led by Adage Capital Management, D1 Capital Partners, Altimeter Capital, Goldman Sachs, ICONIQ Capital, Alkeon Capital, Light Street Capital, TriplePoint Venture Growth BDC, Y Combinator Continuity Fund, Two Sigma Ventures, Coatue, and Franklin Templeton
Share Placement (2021): $195M supported by Alta Park, HMI Capital, OMERS Growth Equity, Technology Crossover Ventures, and Verition Fund Management
Stock Issuance/Offering (2021): $801M, investors not publicly disclosed
Key Investors in Gitlab
Khosla Ventures
Khosla Ventures provides venture assistance and strategic advice to entrepreneurs working on breakthrough technologies. The firm was founded in 2004 by Vinod Khosla, co-founder of Sun Microsystems. With over fourteen billion dollars under management, the firm focuses on a broad range of areas including consumer, enterprise, ai, fintech and financial services, semiconductors, health, agriculture/food, sustainable energy, and robotics.
Y Combinator
Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and to gauge investors for businesses.
Technology Crossover Ventures
Technology Crossover Ventures (TVC) was founded in 1995 and is based out of Menlo Park, California. They specialize in acquisitions, mergers, recapitalization and more for other companies.
What's next for Gitlab?
With its recent major strategic investment, GitLab is poised for accelerated growth and further innovation in the DevOps tooling market. The substantial capital infusion is expected to fuel product development, expand market reach, and enhance its competitive edge against other players in the enterprise software sector. This funding round signals a strong investor confidence in GitLab's vision and its ability to continue delivering a comprehensive, integrated solution for modern software development and operations.
See full Gitlab company page
