GitLab, the open source code collaboration software tool that allows developers to code, test and deploy together, has announced $20 million in series C funding led by GV at more than double the valuation of last year’s B round. In addition, Matt Mullenweg, founder of WordPress, has joined the GitLab board to support the company’s mission to become the application for software development in Kubernetes.
GitLab will use the new funding to evolve the world of DevOps by offering both application development and operations. Where many other products are focused on the intersection of Dev and Ops, GitLab offers the union of Dev and Ops. GitLab will 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,” said Dave Munichiello, GV General Partner. “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.”
Leading open source innovator, Matt Mullenweg joins GitLab’s board of directors to help drive the company’s long-term success while disrupting the developer ecosystem. Mr. Mullenweg will bring his experience founding multiple companies including WordPress, to help guide GitLab’s open source strategy.
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“GitLab’s powerful momentum and scaling have a lot of parallels to Automattic and WordPress in their early days,” said Matt Mullenweg. “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.”
The announcements follow the news that GitLab has deepened its executive bench by adding a new chief marketing officer CMO, new vice president of engineering and its first chief culture officer (CCO). In April 2016, GitLab partnered with cloud hosting provider DigitalOcean – cloud platform for developers. Together, GitLab and DigitalOcean plan to help developers eliminate the scaling challenges that come with Continuous Integration (CI), such as, speed, security and cost.
