Port raises $100M at $800M valuation to take on Spotify’s Backstage
Experts suggest that spotify may be synonymous with music streaming, but it’s also got a wildly popular developer-tool side-hustle called “backstage This highlights that ” backstage is an open source project that helps companies build their own internal developer portals: a catalog of their developer tools along with quick visualizations of the work the tools have done, and other metrics Interestingly, but like many open-source projects, backstage is a build-it-yourself option In recent developments, israeli startup port has been gaining big-name customers like github, british telecom and lg with a proprietary backstage competitor: a dev tool portal that’s also now been geared to manage ai agents Interestingly, on thursday, port, founded in 2022, said it raised a fresh $100 million series c round led by general atlantic, with participation from accel, bessemer venture partners and team8 Interestingly, the round values port at $800 million and brings its total funding to date to $158 million Interestingly, this series c follows the company’s $35 million series b led by accel and bessemer, announced in may Experts suggest that of all the industries that llm-based tech has infiltrated, coding is where it has the deepest roots
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