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GitLab raises $20 million to grow its DevOps software business

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GitLab announced today that it raised a $20 million series C funding round to fuel the expansion of its business into new software tools that unify development and operations processes.

GV (previously known as Google Ventures) led the round, and WordPress co-creator Matt Mullenweg joined GitLab’s board. While the amount of capital raised was the same as the company’s series B last year, GitLab said that its valuation more than doubled in the intervening time. (The company didn’t provide its valuation.)

The funds will be used to help GitLab continue building products beyond simply serving as a place for companies to host their code repositories. The company already offers a continuous integration product, and plans to create more tools that help streamline and manage the process of getting code into production then maintaining it.

GitLab currently operates a number of other services, including a planning offering, a container registry for applications that rely on Docker containers, and application performance monitoring.

Thus far, the firm has raised over $45 million over the course of its lifetime. GitLab’s existing investors include Y Combinator, Khosla Ventures, and August Capital.

The news comes the same week as GitHub Universe, the marquee conference for one of GitLab’s competitors. That developer tool company is expected to launch updates to its products as part of that event as well.

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