“Port (based in Tel Aviv, Israel) the leading internal developer portal, announced today $35 million in Series B funding, bringing its total funding to $58M to date.
The round was led by Accel, with participation from Bessemer Venture Partners and existing investors, including Team8 and TLV Partners. The highly oversubscribed round comes on the heels of Port’s exceptional growth, with a 7x year-over-year increase in revenue.
Port’s user base has expanded eightfold since its Series A funding just one year ago, with customers including leading brands like LG, British Telecom and GitHub, which recently selected Port as the internal developer portal for their engineering team. Additionally, Port announced the integration of LLMs into its platform, enabling organizations to enhance their developer experience with generative AI.
Modern software development has evolved dramatically, with the responsibilities of developers expanding far beyond writing code. They are now responsible for the delivery process of features, managing cloud resources, handling incidents and outages, as well as complying with the organization’s standards for security, quality, and compliance.
This expanded responsibility, coupled with the intricacies of the modern development ecosystem, has created a chaotic situation where developers are constantly seeking guidance, creating tickets for tasks outside their core competencies, and relying heavily on tribal knowledge to navigate the landscape. This not only slows down development but also exacerbates quality, security, and compliance issues.
Port enables developers to handle the full scope of their expanded role by providing an internal developer portal that acts as a central work hub. The portal unifies all of the tools and workflows developers need to fully own the software development life cycle within an intuitive interface.
The open platform is highly adaptable, integrating with the existing tech stack behind the scenes to create a standardized operating environment for R&D teams. The portal allows developers to perform complex tasks, like spinning up a new microservice, in just a few clicks with all best practices baked in. This approach not only enhances developer productivity but also ensures compliance with company policies.”
(paraphrased quoted/adapted/corrected press release from Port)