Port raises $100M at $800M valuation to take on Spotify's Backstage | TechCrunch
Briefly

Port raises $100M at $800M valuation to take on Spotify's Backstage | TechCrunch
"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. 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. The round values Port at $800 million and brings its total funding to date to $158 million."
"Of all the industries that LLM-based tech has infiltrated, coding is where it has the deepest roots. So, not surprisingly, developers are also on the cutting edge of building and adopting agents that can automate entire repeated processes - work far beyond asking AI to write some code. But the problem here, according to Port co-founder and CEO Zohar Einy, it's the wild west right now for such devtool agents at companies: finding them, sharing them, ensuring their work follows company standards and so on."
Backstage is an open source tool for internal developer portals that catalogs developer tools and visualizes their activity and metrics. Port provides a proprietary alternative to Backstage that supports developer tool catalogs and management of AI agents. Port counts customers including GitHub, British Telecom and LG. Port raised $100 million Series C led by General Atlantic, valuing it at $800 million and bringing total funding to $158 million. Developers are expanding AI use from coding to incident resolution, security remediation and release management. Port positions its product to find, share, standardize and govern devtool agents to prevent chaos.
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