Investments, Technology

Open Source Code Collaboration Platform GitLab raises $4M from Khosla Ventures

Open source code collaboration platform, GitLab has raised $4 million Series A funding from Khosla Ventures. In July, the company closed $1.5M in seed funding led by Khosla Ventures, 500 Startups, Crunchfund, Sound Ventures (Ashton Kutcher), and Liquid 2 Ventures (Joe Montana).

The Y Combinator graduate company which offers a free community edition, a free SaaS version, and a paid enterprise edition of its service, said the new funding will be used to accelerate growth and scale its global operations including development, marketing, and sales. With this new funding, it hopes to provide more features, support, and expand to more companies and organizations.

Additionally, the firm announced the upcoming release of GitLab 8.0, which is scheduled for release on September 22. GitLab added that this new update will include 50 percent less disk usage, and will process code mergers faster than the previous version. Also, new are continuous integration (CI) with GitLab itself, improved interface and “Reply by email” functionality that allows users to quickly comment on an issue or merge request from their mobile devices.

The startup said over 100,000 companies and organizations currently use GitLab on-premises including NASA, CERN, Alibaba, SpaceX, O’Reilly, IBM, and Expedia. And, hundreds of companies are using its enterprise edition including many 500 Fortune companies. It has offices in Amsterdam and San Francisco.

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