GitLab, a Ukrainian-founded US software startup, is now valued at $6 billion

GitLab, a San Francisco-based open-source software startup founded in 2014 by Ukrainian entrepreneur Dmitry Zaporozhets, saw its valuation jump to $6 billion in November 2020 as  it organized a $195 million secondary sale. The unicorn is now considering going public, as reported last week by the US media. 

Using the DevOps application software development methodology, the GitLab platform is designed to “maximize the overall return on software development” within organizations. It delivers software “faster and efficiently, while strengthening security and compliance.”

“With GitLab, every team in your organization can collaboratively plan, build, secure, and deploy software to drive business outcomes faster with complete transparency, consistency and traceability,” the company claims.

GitLab started as open source project in Ukraine in 2011. Two years later, Zaporozhets and Sijbrandij started bootstrapping GitLab as a company. 

Incorporated in 2014, the company went through Y Combinator in early 2015. It secured several rounds of funding in the following years, including a $100 million capital infusion in 2018 and a $268 million Series E round in 2019, which valued the company at $2.75 billion.

Topics: Finance, International, M&A, News, Software, Startups
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