Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.
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GitLab files to go public
DevOps platform GitLab filed an S-1 registration statement with the U.S. Securities and Exchange Commission Friday, revealing revenue growth of 69 percent year over year.
The company’s revenue came out to $108 million for the six-month period that ended on July 31, 2021, up from $63.9 million during the same period in 2020. GitLab’s net losses grew from $43.5 million during the same six-month period in 2020, to $69 million in the six-month period that ended July 31, 2021.
Ahead of the trend in terms of remote work, its team has been working remotely since the company’s inception in 2011. GitLab now has 1,350 employees in more than 65 countries.
August Capital, GV, Khosla Ventures and ICONIQ Capital are among the largest shareholders in the company. GitLab raised at least $415 million in funding as a private company, according to Crunchbase data.
Goldman Sachs and J.P. Morgan are among the underwriters for the IPO. The company applied to list on the Nasdaq under the ticker GTLB.
— Sophia Kunthara
Ketch raises $20M for privacy tools
San Francisco-based Ketch, a startup offering a data control platform for privacy, reportedly raised $20 million as part of its Series A in a financing led by Acrew Capital. The company offers tools around regulation management, consent management and data subject rights.
Sharelock raises $4.7M
Paris-based Sharelock, a subscription service for bicycle users, raised 4 million euros ($4.7 million) in a seed funding round backed by Breega and Banque des Territoires. One of the startup’s core focus areas is providing secure parking for bikes when not in use.
Information technology
Paretos picks up $4M: Paretos, a German startup that developed an artificial intelligence-based data science platform for companies to create fully automated forecasting models, analyze complex data and make strategic decisions, raised $4 million in a seed funding round led by LEA Partners.
— Joanna Glasner
Illustration: Dom Guzman
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