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GitHub has received a $250m infusion of venture-capital cash that values the code-sharing website at $2bn.
That means it's worth more than ZenDesk ($1.78bn), slightly less than the New York Times ($2.17bn), and more than stricken Yelp ($1.87bn).
The San Francisco-based upstart said its Series-B funding round was led by VC bigwigs Sequoia Capital, Andreessen Horowitz, Thrive Capital, and Institutional Venture Partners. The round is the second major fundraising push for GitHub. In 2012, the site raised $100m in venture funding. GitHub was founded in 2008, and today has about 300 total employees.
The site reports it hosts 25 million source code repositories, and has 10 million registered users and 33 million unique monthly visits.
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Git a load of this: GitHub now valued at $2 billion
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Life is to you a dashing and bold adventure.
(Score: 4, Informative) by bradley13 on Friday July 31 2015, @06:21AM
I use a mix of GitHub, GitLab and in-house repos, depending on the project.
"Why use a cloud service instead of in-house?" So that you don't have to administer the thing yourself. Someone else keeps it running, handles updates, adds features, etc.. The same reason you would use any cloud service. This is especially valuable to small organizations, where one of the developers spends their time taking care of such things. For large companies, it means that the developers don't have to deal with the (usually slow, old-fashioned, bureaucratic) IT department, whenever they need a new server or a new feature.
Personally, I think this round of venture capital is the death of Gitlab. With that kind of money in play, there will be huge pressure to monetize the site - far beyond the kind of revenue it is actually capable of generating. That means spreadsheet monkeys and marketeers will be brought into figure out how to increase profits. In a few years, GitLab will be the next SourceForge.
Everyone is somebody else's weirdo.
(Score: 0) by Anonymous Coward on Friday July 31 2015, @03:33PM
I concur.
Only a few that sold out have managed to stay in business, even less so are those that remained in the same form.
When someone external decides that monetizing the data is the next step, your windows 10 ID will be used to show you ads on github--or whatever ID. That's not a knock against windows, considering so many things now value your data. The fact remains it is not unreasonable to believe github will be squeezed to death, and as the brain drain commences, it will collapse under the weight of its new advertising revenue stream.
Sometimes, a local server works best. Backing it up, patching, securing... this is not hard, and it's not new. It's becoming a lost art, though, but I hope it will see a resurgence because I for one prefer to work without being forced to see ads because my employer is too cheap to pay the premium for what they force me to use.