As more of the world shifts to doing everything from their phones, the ability to build better iOS and Android apps has to move with it. Bitrise wants to be the go-to company closing the gap between mobile demand and a company's ability to get apps out faster while also balancing all of the moving parts and complexity.
Bitrise secured $60 million in Series C funding, led by Insight Partners, with participation from existing investors Partech, Open Ocean, Lobito, Fiedler Capital and Y Combinator.
The company was founded in October of 2014). We reported on their $3.2 million Series A round back in 2017, but they raised $20 million in Series B funding in 2019. The new raise was executed in a few weeks, bringing Bitrise's total funding to nearly $100 million.
Two years ago, the company went through Y Combinator's Growth Program to scale its company and now has tripled its headcount and opened offices in London, San Francisco, Boston and Osaka.
Bitrise raises $3.2 million to attack the complexity of building apps.
The last year has seen mobile make two or three years of advancement. How they are developing mobile is getting more complex as companies have to use mobile to stay competitive.
Developers are busy running processes so they can't concentrate on creating new value for customers.
Bitrise wants to create an end-to-end platform for mobile development that streamlines core processes, shortens release cycles, and provides better understanding of how new code will affect live apps before their release, so companies can focus on getting out the next big release to customers.
Over 100,000 developers have used it from over 6,000 mobile organizations. It is doubling its revenue year over year and plans to increase its employees to 300.
Bitrise will be able to hire more people and expand its product because of the new capital, which will allow developers to more easily operate in the continuous integration and delivery space.
Josh Zelman, vice president at Insight Partners, and Matt Koran, vice president at Insight, will join Bitrise's board.
Zelman said that Bitrise has been building towards the current moment in mobile since its launch eight years ago. Bitrise has enabled enterprises to keep up with mobile innovation at an ever-increasing pace, as mobile has become a primary means of communication, entertainment and commerce for people around the world. Bitrise was built for mobile and has become a leader in the mobile space.
Upcoming trends in Latin America's mobile growth.
