View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

GitHub valued at $2bn following $250m funding

Company reportedly planning to expand presence internationally and invest in new products.

By CBR Staff Writer

GitHub has raised $250m in funding from investors, boosting the valuation of the company to a reported $2bn.

The latest round of funding, led by Sequoia Capital, is expected to fuel its growth and expansion of its sales and engineering team.

According to reports, GitHub has been successful because of its open source approach, which allows programmers to alter and distribute computer code freely.

Presently, the company has more than 10 million registered users collaborating on 25 million software projects.

However, it charges for private software projects and organisations need to pay so that they can host GitHub on their premises to share code internally.

The Wall Street Journal cited GitHub CEO Chris Wanstrath as saying: "We want to make really big investments,"

"There are millions of developers in the world today, and more people are learning to be software developers every day. Our platform empowers great software."

Content from our partners
How to turn the evidence hackers leave behind against them
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer

In 2012, the company raised its first institutional capital of $100m from Andreessen Horowitz, and with the latest round of funding the company has raised a total of $350m of outside funding.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.