GitLab raises $268m in a Series E funding round.

GitLab, a software developer, raises $268m in a Series E funding round led by Goldman Sachs and ICONIQ Capital. The round also included new investors Adage Capital Management, L.P, Alkeon Capital, Altimeter Capital, Coatue, D1 Capital Partners LP, Franklin Templeton, Light Street Capital, Tiger Global Management, Two Sigma Ventures. With plans to go public next year, GitLab is using the Series E funding to further develop its platform, adding key features in areas like monitoring, planning, and security. “To be competitive today, companies need to be 10x faster to market. We made an early bet that enterprises would benefit from a single application experience for DevOps teams to accelerate getting software products to market faster and more securely. I love hearing how our customers are innovating faster with a single DevOps application that enables Dev, Ops, and Security to collaborate, and this funding will help more organizations experience the benefits of this unified DevOps experience.” Sid Sijbrandij, CEO, GitLab.