GitLab raises $100 mln, led by Iconiq, surpasses $1 bln in valuation

San Francisco-based GitLab, provider of an open core collaboration platform for developers, announced it has raised a $100 million Series D round of funding valuing the company at $1.1 billion. The funding round was led by Iconiq Capital, the Silicon Valley fund that is an investment vehicle for the founders of Facebook, LinkedIn and Twitter. The company, which has now raised more than $145 million since it was founded, is eyeing an IPO in 2020.

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