Cloud100 listmaker GitLab has more than doubled in valuation to $2.75 billion ahead of a planned 2020 IPO by alexrkonrad
). As a leading startup in DevOps, GitLab works behind the scenes, helping customers like Delta, Nvidia and Ticketmaster ship their own software faster. With big businesses often using ten or more applications to build and release their own software, Sijbrandij opted for a platform approach that put specialists in product, development, security and operations all working together in one app. At Goldman Sachs, for example, more than 7,500 people use GitLab on a daily basis, GitLab says.
Though GitLab is reaching public-company scale, Sijbrandij still operates the business in his own unusual way. On a call ahead of the funding, he warns that we’re not alone —in addition to a public relations professional, there are two other managers on the call, one from marketing and one from product. They’re part of a shadow program in which employees spend two weeks sitting in on their CEO’s meetings, feedback sessions and media or analyst calls.
Investors who back GitLab are signing up for such experiments and Sijbrandij’s unique brand of leadership. So far, there’s plenty of demand—even for GitLab publicizing its IPO target date. “Since we were clear about our ambition, that gave them extra faith that we will succeed,” Sijbrandij says.
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