About GitLab
GitLab is a web-based Git repository manager that offers a variety of features for software development teams.
Headquarters
GitLab, San Francisco
Founded
2014-01-01
Industry
Cloud Security, Developer Tools, DevOps, Open Source, SaaS
Last Funding Type
Series E
Valuation
11
Total Funding
$413.50 million dollars
IPO Status
Public
Financial
GitLab is focusing on developing systems for adaptive program modeling and vulnerability analysis in software projects. The adaptive program model system involves processors and memory to generate program models dynamically. Additionally, GitLab is working on a system for analyzing software projects for vulnerabilities by extracting source code scopes and processing vulnerability reports. Another area of development is scalable code testing and benchmarking, which involves extracting and combining commits into patches for efficient testing. These efforts highlight GitLab's commitment to enhancing software development processes.
Funding Rounds
7
Number of Lead Investors
5
Total Funding Amount
$413.50 million dollars
Number of Investors
22
GitLab vs. Other Decacorns
| Company | Valuation | Total Funding | Funding Rounds |
|---|---|---|---|
| GitLab | $11B | $413.50M | 7 |
| Weights & Biases | $5B | $250.00M | 7 |
| SeekOut | $1B | $188.60M | 4 |
| Tanium | $9B | $1.05B | 14 |
| Postman | $6B | $433.00M | 5 |
| Confluent | $18B | $455.90M | 8 |
| SandboxAQ | $8B | $825.00M | 3 |
| Drata | $4B | $328.24M | 4 |
| AvidXchange | $4.9B | $1.13B | 10 |
| Illumio | $22B | $557.50M | 6 |
| InsideSales.com | $3B | $251.20M | 6 |
| AppDirect | $2B | $574.50M | 9 |
| Zenefits | $14B | $584.10M | 6 |
| Dialpad | $2B | $450.00M | 9 |
| Grammarly | $39B | $400.00M | 3 |
| CloudBees | $1B | $356.20M | 8 |
| Workfront | $2B | $375.00M | 5 |
| ZipRecruiter | $2.4B | $769.00M | 3 |
| Copper | $2B | $102.00M | 5 |
| Tradeshift | $8B | $1.13B | 14 |
| Wrapbook | $1B | $150.60M | 4 |
| Matillion | $3B | $290.00M | 7 |
| Jfrog | $3.9B | $226.50M | 6 |
| Datto | $4.3B | $100.00M | 3 |
| SmartRent | $2.2B | $256.50M | 6 |
| Active Network | $1B | $344.19M | 9 |
| Contrast Security | $3B | $269.00M | 5 |
| Hugging Face | $10B | $395.20M | 7 |
| Procore | $9.6B | $654.02M | 17 |
| Fleetmatics Group | $0.6B | $93.00M | 2 |
| Carbonite | $0.2B | $191.20M | 8 |
| Concur Technologies | $0.2B | $291.75M | 2 |
| Vercel | $8B | $563.00M | 5 |
| Divvy | $7B | $417.50M | 5 |
| Sumo Logic | $2.2B | $340.00M | 6 |
| Pipedrive | $5B | $90.20M | 8 |
| STORD | $4B | $325.04M | 6 |
| Weave | $1.5B | $168.00M | 8 |
| HyperScience | $7B | $288.88M | 9 |
| LogMeIn | $0.3B | $30.00M | 5 |
| Gusto | $547B | $746.10M | 15 |
| Sourcegraph | $5B | $248.00M | 7 |
| FullStory | $4B | $197.20M | 7 |
| Amplitude | $4.6B | $311.48M | 14 |
| ThoughtSpot | $13B | $663.70M | 12 |
| Motive | $3B | $567.30M | 9 |
| Hasura | $2B | $136.50M | 4 |
| Evernote | $11B | $290.00M | 12 |
| Ada (Business/Productivity Software) | $1B | $190.62M | 7 |
| Stack Overflow | $12B | $153.00M | 6 |
| Stripe | $559B | $9.44B | 20 |
| Druva | $2B | $475.00M | 9 |
| Sentry | $3B | $217.00M | 6 |
| AlphaSense | $2B | $1.42B | 12 |
| Intercom | $13B | $240.75M | 7 |
| TravelPerk | $4B | $664.14M | 12 |
| Workato | $6B | $415.00M | 5 |
| Looker | $5B | $280.50M | 7 |
| Freshworks | $10B | $484.00M | 9 |
| Zuora | $1.4B | $647.50M | 11 |
| Airtable | $282B | $1.35B | 10 |
| Instructure | $2.8B | $89.10M | 6 |
| Figma | $180B | $748.62M | 8 |
| Dynatrace | $4.4B | $21.90M | 4 |
| Segment | $12B | $283.93M | 10 |
| Mux | $3B | $173.92M | 8 |
| Automile | $4B | $47.31M | 4 |
| Airbyte | $3B | $181.20M | 4 |
| Back | $15B | $3.30M | 2 |
| Nowports | $2B | $242.60M | 8 |
| Auth0 | $6B | $332.28M | 10 |
| CircleCI | $10B | $315.00M | 9 |
| Addepar | $11B | $531.36M | 7 |
| Proofpoint | $0.4B | $885.50M | 7 |
| SnapLogic | $5B | $371.30M | 10 |
| Signifyd | $4B | $409.00M | 7 |
| Spendesk | $3B | $311.85M | 6 |
| DocuSign | $4.5B | $536.20M | 20 |
| Lucid Software | $12B | $670.36M | 8 |
| DataStax | $5B | $342.57M | 10 |
| PagerDuty | $1.8B | $523.60M | 8 |
| SAP Concur | $0.2B | $291.75M | 2 |
| Iterable | $2B | $342.20M | 7 |
| Mirakl | $7B | $6.41M | 5 |
| LaunchDarkly | $6B | $330.30M | 8 |
| Hubspot | $0.8B | $100.50M | 6 |
| Dapper | $8B | $4.00M | 2 |
| Workhuman | $1B | $131.48M | 4 |
| MySQL | $1B | $39.80M | 3 |
| Nuvemshop | $6B | $628.38M | 11 |
| MindTickle | $1B | $281.30M | 7 |
| GrubMarket | $20B | $499.10M | 8 |
| AppLovin | $7B | $5.12B | 12 |
| Outreach | $22B | $489.02M | 13 |
| Salesforce | $1.1B | $65.38M | 7 |
| BazaarVoice | $0.7B | $130.55M | 5 |
| Transfix | $4B | $169.00M | 9 |
| Fastly | $1.5B | $369.00M | 8 |
| Kong | $7B | $344.10M | 7 |
| Datadog | $7.8B | $1.02B | 9 |
| Aiven | $6B | $420.00M | 6 |
| Contentful | $6B | $349.60M | 9 |
| Duo Security | $2B | $121.50M | 7 |
| ShipBob | $6B | $330.50M | 7 |
| InVision | $4B | $356.20M | 10 |
| JumpCloud | $5B | $416.82M | 12 |
| PayFit | $6B | $495.75M | 7 |
| Slice | $1B | $125.00M | 6 |
Growth Trends & Market Impact
GitLab may be growing as it has reported robust revenue growth and improved margins in FY 2024, indicating a strong financial performance. Additionally, the company has expanded its AI offerings, which suggests investment in product development and innovation. GitLab's clientele is also reported to be growing, which could contribute to increased market share and revenue streams.
Investment history
| Round number | date | Post-round evaluation | investors |
|---|---|---|---|
| №1 | 17.09.2019 | $268.00 million dollars |
Goldman Sachs ICONIQ Growth |
| №2 | 19.09.2018 | $100.00 million dollars |
ICONIQ Growth |
| №3 | 09.10.2017 | $20.00 million dollars |
Google Ventures |
| №4 | 13.09.2016 | $20.00 million dollars |
August Capital |
| №5 | 17.09.2015 | $4.00 million dollars |
Khosla Ventures |
| №6 | 09.07.2015 | $1.50 million dollars |
Khosla Ventures |
| №7 | 28.04.2015 | $1.50 million dollars |