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My guess is yes. Gitlab's Series D was $100 million dollars for a valuation of $1 billion; settled several months (Sept '18 [0]) after Microsoft announced thei
by jacques_chester 8y ago
My guess is yes.
Gitlab's Series D was $100 million dollars for a valuation of $1 billion; settled several months (Sept '18 [0]) after Microsoft announced their plan to purchase Github (June '18 [1]) and in the month before the Microsoft-Github transaction was settled (Oct '18 [2]).
If the pitch deck to investors didn't mention Microsoft buying Github, I would be surprised.
Of interest, looking at their pricing page[3], Gitlab lists CI minutes as the top differentiating item for each level. I wonder if that's a signal of how the market has responded to segmentation ... or if it's as simple as "it looks better".
Disclosure: I work for Pivotal. We compete at the fringes and I expect there will be more as Gitlab expands its product boundaries.
[0] https://about.gitlab.com/2018/09/19/announcing-100m-series-d-funding/ https://about.gitlab.com/2018/09/19/announcing-100m-series-d...
[1] https://www.theverge.com/2018/6/4/17422788/microsoft-github-acquisition-official-deal https://www.theverge.com/2018/6/4/17422788/microsoft-github-...
[2] https://www.theverge.com/2018/10/26/17954714/microsoft-github-deal-acquisition-complete https://www.theverge.com/2018/10/26/17954714/microsoft-githu...
[3] https://about.gitlab.com/pricing/ https://about.gitlab.com/pricing/
- stock_toaster 8y agoI would think someone like.. maybe IBM? Seems like it would fit better with IBM's (now) RedHat portfolio, than it would fit with Google. Maybe I'm just being hopeful...
- jacques_chester 8y agoI'd put IBM and SAP as outside chances. The Red Hat purchase makes perfect sense for IBM: they're buying a competitor which has deep roots in the enterprise. Gitlab is less so. On the other hand Google is in a struggle to catch up with even Azure, so Gitlab looks attractive as a foil against Github.
- ralph84 8y agoIBM would make more sense than Google. Despite the topic of TFA, almost all of GitLab's ARR comes from their on-prem offering not their SaaS offering. IBM is much better positioned to sell and support on-prem software than Google. IBM is also a long-time player in SCM, and despite being legacy their Rational products still have a big footprint in enterprise. With some integrations and migration tools an IBM-owned GitLab would have a huge installed base to go sell Git modernization to. Another possibility would be Broadcom, as CA has a number of adjacent products for the software development lifecycle.
- emilycook 8y agoGitLab employee, actually our plan is to go public by 2020. Our strategy page is public: https://about.gitlab.com/company/strategy https://about.gitlab.com/company/strategy
- jacques_chester 8y agoThere you go, I stand corrected. Though nobody's plans survive contact with money and I would still bet on such a slide having been displayed.