GitLab Raises $20M in Series C Funding to Build Complete DevOps Solution

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GitLab has raised $20 million in Series C funding and added WordPress founder Matt Mullenweg to its board of directors, according to a Monday announcement.

The investment, led by Google Ventures (GV), will be used to build its capabilities into operations, and to provide a unified user experience for production and operations as part of its “Complete DevOps” vision.

Head of Product Mark Pundsack explained what GitLab’s plans for its unified solution in a recent blog post. It includes Auto DevOps, released in Beta with version 10.0, and is intended to “close the loop” of development and operations, automate processes, and reduce complexity.

“GitLab’s powerful momentum and scaling have a lot of parallels to Automattic and WordPress in their early days,” said 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.”

Complete DevOps can benefit organizations by reducing the time taken switching tools with its single interface, and by encouraging collaboration and reducing the friction between development and operations with deep integration, according to the press release. It builds in the best practices of 100,000 organizations, and requires only one install and permission model.

“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.”

GitLab completed a $20 million Series B funding round in September 2016, a year after its Series A raised roughly $4 million. GitLab’s total funding so far is $45.5 million. GitLab claims to be used by two-thirds of enterprises, and counts many of the world’s largest companies among its clientele. The company’s momentum seems largely unaffected by the loss of 300 gigabytes of user data early this year.

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