Sep
19
2018
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GitLab raises $100M

GitLab, the developer service that aims to offer a full lifecycle DevOps platform, today announced that it has raised a $100 million Series D funding round at a valuation of $1.1 billion. The round was led by Iconiq.

As GitLab CEO Sid Sijbrandij told me, this round, which brings the company’s total funding to $145.5 million, will help it enable its goal of reaching an IPO by November 2020.

According to Sijbrandij, GitLab’s original plan was to raise a new funding round at a valuation over $1 billion early next year. But since Iconiq came along with an offer that pretty much matched what the company set out to achieve in a few months anyway, the team decided to go ahead and raise the round now. Unsurprisingly, Microsoft’s acquisition of GitHub earlier this year helped to accelerate those plans, too.

“We weren’t planning on fundraising actually. I did block off some time in my calendar next year, starting from February 25th to do the next fundraise,” Sijbrandij said. “Our plan is to IPO in November of 2020 and we anticipated one more fundraise. I think in the current climate, where the macroeconomics are really good and GitHub got acquired, people are seeing that there’s one independent company, one startup left basically in this space. And we saw an opportunity to become best in class in a lot of categories.”

As Sijbrandij stressed, while most people still look at GitLab as a GitHub and Bitbucket competitor (and given the similarity in their names, who wouldn’t?), GitLab wants to be far more than that. It now offers products in nine categories and also sees itself as competing with the likes of VersionOne, Jira, Jenkins, Artifactory, Electric Cloud, Puppet, New Relic and BlackDuck.

“The biggest misunderstanding we’re seeing is that GitLab is an alternative to GitHub and we’ve grown beyond that,” he said. “We are now in nine categories all the way from planning to monitoring.”

Sijbrandij notes that there’s a billion-dollar player in every space that GitLab competes. “But we want to be better,” he said. “And that’s only possible because we are open core, so people co-create these products with us. That being said, there’s still a lot of work on our side, helping to get those contributions over the finish line, making sure performance and quality stay up, establish a consistent user interface. These are things that typically don’t come from the wider community and with this fundraise of $100 million, we will be able to make sure we can sustain that effort in all the different product categories.”

Given this focus, GitLab will invest most of the funding in its engineering efforts to build out its existing products but also to launch new ones. The company plans to launch new features like tracing and log aggregation, for example.

With this very public commitment to an IPO, GitLab is also signaling that it plans to stay independent. That’s very much Sijbrandij’s plan, at least, though he admitted that “there’s always a price” if somebody came along and wanted to acquire the company. He did note that he likes the transparency that comes with being a public company.

“We always managed to be more bullish about the company than the rest of the world,” he said. “But the rest of the world is starting to catch up. This fundraise is a statement that we now have the money to become a public company where we’re not we’re not interested in being acquired. That is what we’re setting out to do.”

Sep
11
2018
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Anaxi brings more visibility to the development process

Anaxi‘s mission is to bring more transparency to the software development process. The tool, which is now live for iOS, with web and Android versions planned for the near future, connects to GitHub to give you actionable insights about the state of your projects and manage your projects and issues. Support for Atlassian’s Jira is also in the works.

The new company was founded by former Apple engineering manager and Docker EVP of product development Marc Verstaen and former CodinGame CEO John Lafleur. Unsurprisingly, this new tool is all about fixing the issues these two have seen in their daily lives as developers.

“I’ve been doing software for 40 years,” Verstaen told me.” And every time is the same. You start with a small team and it’s fine. Then you grow and you don’t know what’s going on. It’s a black box.” While the rest of the business world now focuses on data and analytics, software development never quite reached that point. Verstaen argues that this was acceptable until 10 or 15 years ago because only software companies were doing software. But now that every company is becoming a software company, that’s not acceptable anymore.

Using Anaxi, you can easily see all issue reports and pull requests from your GitHub repositories, both public and private. But you also get visual status indicators that tell you when a project has too many blockers, for example, as well as the ability to define your own labels. You also can define due dates for issues.

One interesting aspect of Anaxi is that it doesn’t store all of this information on your phone or on a proprietary server. Instead, it only caches as little information as necessary (including your handles) and then pulls the rest of the information from GitHub as needed. That cache is encrypted on the phone, but for the most part, Anaxi simply relies on the GitHub API to pull in data when needed. There’s a bit of a trade-off here in terms of speed, but Verstaen noted that this also means you always get the most recent data and that GitHub’s API is quite fast and easy to work with.

The service is currently available for free. The company plans to introduce pricing plans in the future, with prices based on the number of developers that use the product inside a company.

Jan
18
2018
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Assembla acquires Cornerstone, a Subversion client for MacOS

 Assembla, which offers a version control service for the enterprise with a strong focus on Subversion, today announced that it has acquired Cornerstone, one of the most popular Subversion clients for MacOS. Read More

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