GitLab raises US$20million in venture capital funding

Led by Google Ventures (GV), GitLab has raised US$20million in new venture capital funding.

The company is based on the core developer technology, git, which gives developers a chance to work on the same software at the same time.

The funds will help GitLab grow its DevOps software business by building products that move it beyond simply serving as a place for companies to host their code repositories.

GitLab offers a continuous integration product, and plans to care more streamline tools, helping manage the process of putting code into production and maintaining it.

The leading integrated product for modern software development has recently started to become popular in the developer space.

According to Business Insider, GitLab “boasts” that it controls two-thirds of the market for “self-hosted git.”

Written by Leah Alger