LaunchDarkly, a feature management platform for DevOps teams, raised $200 million in Series D led by Lead Edge Capital LLC to scale up its core feature platform.
Top Tier Capital Partners and Insight Venture Partners and existing investors Bessemer Venture Partners, Redpoint, Threshold, Uncork Capital, and Bloomberg Beta participated in the round.
With the new capital, the company intends to expand its platform and accelerate customer acquisition, expand globally and hire more engineers. It also plans to integrate with more services such as ServiceNow, Atlassian, Zendesk, and Salesforce.
Company: Catamorphic Co.
Round: Series D
Funding Month: August 2021
Lead Investors: Lead Edge Capital LLC
Additional Investors: Top Tier Capital Partners and Insight Venture Partners and existing investors Bessemer Venture Partners, Redpoint, Threshold, Uncork Capital, and Bloomberg Beta.
Company Website: http://launchdarkly.com/
Software Category: feature management platform
About the Company: LaunchDarkly allows software development teams to release new software features gradually to any segment of users on any platform by standardizing safe releases at a large scale by allowing developers to flag features for release. The platform gives DevOps teams tight control over feature management and access control across the entire development and operations pipeline. Using the platform, the team can pick and choose which features they wish to release. A series of flags, displayed as on-and-off toggles, used for choosing code sections, allows the DevOps team to pick and choose what they want to go out and to whom. It simplifies the whole nature of deployment down from an esoteric art to an easy-to-understand science.LaunchDarkly currently serves more than 2,000 customers worldwide, including IBM Corp., GoDaddy Inc., SAP SE, and Square Inc.