Coding Startup GitLab Hits $2.75 Billion Value With New Funding
- GitLab announced Series E funding round of $268 million
- Cash will go toward hiring, expansion ahead of planned IPO
Source: GitLab
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GitLab Inc., a platform for developing and collaborating on code, has raised $268 million in new funding in a round valuing the startup at $2.75 billion, more than double its last valuation, the company said.
The San Francisco-based startup provides a single application for companies to draft, develop and release code. The product is used by companies including Delta Air Lines Inc., Ticketmaster Entertainment Inc. and Goldman Sachs Group Inc.