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Gitlab revenue is $233 million

Gitlab is worth $6 billion valuation

Gitlab team size is 1350 employees


How did Latka collect this data?

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Latka collected this data by interviewing Gitlab CEO Sid Sijbrandij on 12/01/2014

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Gitlab

727-Sansome Street San Francisco, California, United States

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How Gitlab hit $233M Revenue with 4K customers in 2022.

GitLab is a complete DevOps platform, delivered as a single application.

Founded

2012

Founded

Revenue

$233M

2022 Revenue

YOY
-----

YOY

Funding

$1.4B

Funding


Gitlab Revenue

In 2022, Gitlab revenue run rate hit $233M in revenue.

  • 2021

    Gitlab hit $233M in revenue in 2021

  • 2019

    Gitlab hit $120M in revenue in 2019

  • 2012

    Gitlab launched in 2012 with $0 revenue

94.00% ▲$120M$233M

Gitlab Funding History

Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?

  • 2021

    Gitlab raised a of $800.8M

  • 2021 Secondary

    Gitlab raised a Secondary of $195M at a $6B valuation in March 2021

  • 2019 Series E

    Gitlab raised a Series E of $268M at a $2.8B valuation in September 2019

  • 2018 Series D

    Gitlab raised a Series D of $100M at a $1B valuation in September 2018

  • 2017 Series C

    Gitlab raised a Series C of $20M at a $180M valuation in October 2017

  • 2016 Series B

    Gitlab raised a Series B of $20M at a $70M valuation in September 2016

  • 2015 Series A

    Gitlab raised a Series A of $4.5M at a $22.7M valuation in September 2015

  • 2015 Seed Round

    Gitlab raised a Seed Round of $1.7M at a $13M valuation in July 2015

  • 2015

    Gitlab raised a of $120K at a $1.6M valuation in March 2015

FUNDING DATEROUNDAMOUNTVALUATION
10/14/2021 $800.8M
03/10/2021 Secondary $195M $6B
09/24/2019 Series E $268M $2.8B
09/19/2018 Series D $100M $1B
10/09/2017 Series C $20M $180M
09/13/2016 Series B $20M $70M
09/24/2015 Series A $4.5M $22.7M
07/08/2015 Seed Round $1.7M $13M
03/23/2015 $120K $1.6M

Team

Gitlab has 1350 total employees and 270 sales reps that carry a quota. They have 3632 customers an engineering team of 365 and a marketing team of 59

2018201920202021157▲38▲8▲
DISTRIBUTIONQTY
Total team size
1350
Engineer
365(27%)
Sales
270(20%)
Marketing
59(4%)

CEO/Founder

Sid Sijbrandij

Sid’s passionate about empowering open source, enabling great products, and evolving global processes. A self-taught Ruby developer, Sid commercialized GitLab with its creator in 2012 and graduated from Y-Combinator in 2015. Since then, GitLab has grown to 800+ remote team members across 55+ countries, and raised $188.2M in funding.

Q&A

What`s your age?

40

Favorite online tool?

Slack

Favorite book?

High output management

Favorite CEO?

Austen, Lambda

Advice for 20 year old self

its all ok


Customers

Gitlab has 4K customers.

Lifetime Months

120

x

Monthly ARPU

$1K

=

Lifetime Dollar

$120K

Acquisition Cost

-

Average Annual Price

$12K

$0$12K024681012
$0$12K024681012

Churn

Gitlab has an annual churn rate of 10.00%.

-100-500%50100

Gross Annual Dollar Churn

-10.00%

Annual Dollar Expansion

60.00%

Net Revenue Retention

150.00%


About Gitlab

Monthly Revenue

$19.4M

-

Total Expenses

$0.0

=

Net Income

$0.0

EBIDTA Margin

0.0%

+

YOY Growth

0.0%

=

Rule of 40

0


Gitlab Board of Directors

NamePosition
Dave MunichielloBoard Observer
Sue BostromBoard of Directors
Karen BlasingBoard of Directors
Godfrey SullivanBoard of Directors
Sid SijbrandijCo-founderChief Executive Officer (CEO)Board of Directors
George HoyemBoard Observer
David HornikBoard of Directors
Bruce ArmstrongBoard of Directors
Kyle DohertyBoard Observer
Matt MullenwegBoard Observer
Matthew JacobsonBoard of Directors

Gitlab Executives

NamePosition
Sid Sijbrandij CEO
Stella Treas Chief Of Staff
Sid Sijbrandij Co-founderChief Executive Officer (CEO)Board of Directors
Robin Schulman Chief Legal OfficerCorporate Secretary
Michael McBride McBride Chief Revenue Officer
Paul Machle Chief Financial Officer
Brian Robins Chief Financial Officer
Todd Barr Chief Marketing Officer

Gitlab Employees

NamePosition
Sid Sijbrandij CEO
Marie June Co-founder
Stella Treas Chief Of Staff
Dave Munichiello Board Observer
Sue Bostrom Board of Directors
Karen Blasing Board of Directors
Godfrey Sullivan Board of Directors
Sid Sijbrandij Co-founderChief Executive Officer (CEO)Board of Directors
George Hoyem Board Observer
Robin Schulman Chief Legal OfficerCorporate Secretary
Michael McBride McBride Chief Revenue Officer
David Hornik Board of Directors
Bruce Armstrong Board of Directors
Kyle Doherty Board Observer
Matt Mullenweg Board Observer
Paul Machle Chief Financial Officer
Matthew Jacobson Board of Directors
Brian Robins Chief Financial Officer
Todd Barr Chief Marketing Officer

Frequently Asked Questions about Gitlab

When was Gitlab founded?

Gitlab was founded in 2012.

How much revenue does Gitlab generate?

Gitlab generates $233M in revenue.

Who is the CEO of Gitlab?

The CEO of Gitlab is Sid Sijbrandij.

How much funding does Gitlab have?

Gitlab was raised $1.4B.

How many employees does Gitlab have?

Gitlab has raised 1350 employees.

Where is Gitlab headquarters?

Gitlab headquater is at United States