{"id":21129,"date":"2019-10-03T10:54:25","date_gmt":"2019-10-03T09:54:25","guid":{"rendered":"https:\/\/www.devopsonline.co.uk\/?p=21129"},"modified":"2019-10-03T10:54:25","modified_gmt":"2019-10-03T09:54:25","slug":"gitlab-raises-268m-in-round-e-funding","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/gitlab-raises-268m-in-round-e-funding\/","title":{"rendered":"GitLab Raises $268M in round E funding\u00a0"},"content":{"rendered":"
A DevOps based company that is known for delivering on a single application has announced its completion of a $268 million Series E round of funding.<\/a> This has led to the firm being valued at a huge $2.75 billion.<\/p>\n The recent subsidy for the DevOps enterprise, Gitlab,<\/a> was forwarded by the private investment firm, ICONIQ Capital, along with the financial services company, Goldman Sachs. Y Combinator Continuity Fund, who are already existing investors, also contributed to the fund.<\/p>\n Investors from Light Street Capital, Adage Capital Management, L.P, Two Sigma Ventures, Alkeon Capital, Altimeter Capital, Coatue, D1 Capital Partners LP, Franklin Templeton, Tiger Global Management, also added money to this round.<\/p>\n \u201cTo be competitive today, companies need to be 10x faster to market. We made an early bet that enterprises would benefit from a single application experience for DevOps teams to accelerate getting software products to market faster and more securely,\u201d said Sid Sijbrandij, CEO at GitLab.<\/p>\nBeating the competition<\/h4>\n