Selling to developers is no longer a sure path to insane valuation multiples
TechCrunch
MARCH 9, 2022
Data indicates that more than $37 billion went into developer tools startups last year, a huge sum for any category. GitLab also went public last year on the back of its git-style code repo service for devs. Gitlab once valued >$15B now $5.5B, ARR run rate $268M. Hashicorp once valued >$14B now $6.7B, ARR run rate $322M.
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