GitLab
#2021
Rank
$7.73B
Marketcap
United States
Country
Mr. Sytse Sijbrandij (Co-Founder, Chairman, Pres & CEO)
Mr. Michael Eugene McBride (Chief Revenue Officer)
Mr. Brian G. Robbins (Chief Financial Officer)
Summary
History
The company is Alumnus of the Y Combinator seed accelerator Winter 2015 program. Customers as of 2015 included Alibaba Group and IBM.In January 2017, a database administrator accidentally deleted the production database in the aftermath of a cyber attack, causing the loss of a substantial amount of issue and merge request data. The recovery process was live-streamed on YouTube.In April 2018, GitLab Inc. announced integration with Google Kubernetes Engine to simplify the process of spinning up a new cluster to deploy applications.In May 2018, GNOME moved to GitLab with over 400 projects and 900 contributors.On August 1, 2018, GitLab Inc. started development of Meltano.On August 11, 2018, GitLab Inc. moved from Microsoft Azure to Google Cloud Platform, making the service inaccessible to users in Crimea, Cuba, Iran, North Korea, Sudan, and Syria, due to sanctions imposed by Office of Foreign Assets Control of the United States.
To overcome this issue, the non-profit organisation Framasoft provides a Debian mirror to make GitLab CE available in these countries.In 2021, OMERS participated in a secondary shares investment in GitLab Inc.During the COVID-19 pandemic in 2020, GitLab Inc. released its Guide to All-Remote and a Coursera course on remote management to aid companies in building all-remote work cultures.April 2020 saw the expansion of GitLab Inc. into the Australian and Japanese markets. In November that same year, GitLab Inc. was valued at more than $6 billion in a secondary market evaluation.On June 2, 2021, GitLab Inc. also acquired UnReview, a tool that automates software review cycles.On June 30, 2021, GitLab Inc. spun out Meltano, an open source ELT platform.On March 18, 2021, GitLab Inc. licensed its technology to Chinese company JiHu.On July 23, 2021, GitLab Inc. open-sourced Package Hunter, a Falco-based tool that detects malicious code.On August 4, 2022, it became known that GitLab plans to change its Data Retention Policy and automatically delete inactive repositories that have not been modified for a year. With this, GitLab drew criticism from the open source community. Shortly after, it was announced that dormant projects would not be deleted, and would instead remain accessible in an archived state, potentially using a slower type of storage.
Fundraising
GitLab Inc. initially raised $1.5 million in seed funding. Subsequent funding rounds include:
September 2015 - $4 million in Series A funding from Khosla Ventures.
September 2016 - $20 million in Series B funding from August Capital and others.
October 2016 - $20 million in Series C funding from GV and others.
September 19, 2018 - $100 million in Series D-round funding led by ICONIQ Capital.
2019 - $268 million in Series E-round funding led by Goldman Sachs and ICONIQ Capital at a valuation of $2.7 billion.
IPO
On September 17, 2021, GitLab Inc. publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to the proposed initial public offering of its Class A common stock. The firm began trading on the NASDAQ Global Select Market under the ticker "GTLB" on October 14, 2021.
Mission
Vision
Key Team
Mr. Dale Brown (Principal Accounting Officer)
Mr. James Shen (Director of Corp. Fin.)
Ms. Ashley Kramer (Chief Marketing & Strategy Officer)
Ms. Robin J. Schulman (Chief Legal Officer, Head of Corp. Affairs & Corp. Sec.)
Ms. Wendy Nice Barnes (Chief People Officer)
Ms. Natasha Woods (Director of Corp. Communications)
Mr. Eliran Mesika (Director of Corp. Devel.)
Recognition and Awards
References
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Mr. Sytse Sijbrandij (Co-Founder, Chairman, Pres & CEO)
Mr. Michael Eugene McBride (Chief Revenue Officer)
Mr. Brian G. Robbins (Chief Financial Officer)