GitLab raises $ 100 M – – Technology News

GitLab, a development service aiming to provide a full life cycle DevOps platform, announced today that it has procured Series D financing thin ground at $ 100 million and raised it for $ 1.1 billion. The tour was done by Iconiq.

Like GitLab CEO) Sid Sijbrandij said that this round to bring the company's total financing to $ 145.5 million will enable the goal of achieving IPO of $ 155 billion. November 2020

According to Sijbrandij, GitLab's original plan was to raise more than $ 1 billion new funding earlier next year. However, as Iconiq came up with an offer that roughly agreed with what Iconiq set in a few months, the team decided to start the series now. Not surprisingly, Microsoft's acquisition of GitHub We accelerated these plans earlier this year.

"We did not actually plan to raise funds and we stopped some time on my calendar from February 25 to do the next funding next year," Sijbrandij said. "Our plan is to introduce IPO in November 2020 and we are planning to raise another funding but in the current climate the macro economy is really good and where GitHub got bought , An independent company, stayed in this space, and saw the best opportunity in the class in many fields.

Although many people regard GitLab as a competitor of GitHub and Bitbucket (who is the same as GitLab's similarity in name?), GitLab wants more than this. Currently it offers products in nine categories, competing with VersionOne, Jira, Jenkins, Artifactory, Electric Cloud, Puppet, New Relic, BlackDuck.

"The biggest misunderstanding is that GitLab is a substitute for GitHub and that we are beyond this," he said. "Currently, from planning to monitoring, it is divided into nine categories.

Sijbrandij notes that there is …

Hope you like the news:

 
GitLab raises $ 100 M - - Technology News

#Stay Tuned For More Updates :)

Compsmag