In a recent development, the Dutch coding platform GitLab raised $100 million in its latest Series D funding round led by Iconiq Capital, the Silicon Valley fund that is an investment vehicle for the founders of Facebook Inc, LinkedIn and Twitter Inc.
With this funding, the company joined the unicorn club with a valuation of more than $1 billion. According to the Sid Sijbrandij, CEO of GitLab, this total funding of $145.5 million, will help the company to move towards its goal of reaching IPO by November 2020.