Insight Partners led a $36m Series B funding round in Bit.

Insight Partners, a venture capital and private equity firm, led a $36m Series B funding round in Bit, an open-source tools and cloud platform for components, with participation from Disruptive VC. "Bit's innovative solution for digital collaboration and development at scale has positioned the company as a category leader," said Wardi. "The platform's compounding value for organizations and proven ability to help developers do better work, faster, make it a clear market fit in our modern world. Insight is looking forward to this exciting next phase in Bit's ScaleUp journey," Teddie Wardi, Insight Partners Managing Director.