JiHu GitLab
Helps the team deliver better software faster and more securely.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Series A | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 41 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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In 2021, JiHu GitLab emerged as a strategic joint venture, marking a significant collaboration between GitLab Inc., Sequoia Broadband, and Gaocheng Capital. This venture was established to cater specifically to the Chinese market, providing a localized version of GitLab's renowned DevOps platform.
JiHu GitLab was founded under the leadership of Sytse "Sid" Sijbrandij, the CEO of GitLab Inc., alongside key partners from Sequoia Broadband and Gaocheng Capital. The company's mission was clear: to integrate GitLab's global DevOps expertise with local insights and requirements, thereby enhancing software development processes across China.
In April 2022, JiHu GitLab achieved a major milestone by securing a significant A-round financing, raising hundreds of millions of yuan. This funding round was pivotal, enabling JiHu GitLab to expand its operations and further tailor its offerings to meet the unique demands of the Chinese market.
JiHu GitLab's journey reflects a broader trend of international tech companies forming joint ventures to navigate China's complex regulatory landscape while tapping into its vast market potential. By combining open-source innovation with localized strategies, JiHu GitLab continues to play a crucial role in advancing DevOps practices in China, fostering a new era of software development collaboration.