Port, a leading internal developer portal, announced $35 million in Series B funding, bringing the total funding to date to $58 million. This funding round was led by Accel, with participation from Bessemer Venture Partners and existing investors, including Team8 and TLV Partners. The highly oversubscribed round follows Port’s exceptional growth, with a 7 times year-over-year increase in revenue.
Port’s user base 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. And Port announced the integration of LLMs into its platform, enabling organizations to enhance their developer experience with generative AI.
Modern software development evolved dramatically, with developers’ responsibilities expanding far beyond writing code. They are now responsible for the delivery process of features, managing cloud resources, handling incidents and outages, and complying with the organization’s security, quality, and compliance standards.
This responsibility, combined with the intricacies of the modern development ecosystem, has created tough situations in which developers constantly seek guidance, set up tickets for tasks outside their core competencies, and depend heavily on tribal knowledge to address issues. This slows development and exacerbates security and compliance issues.
Port helps developers handle the full scope of their expanded role by providing an internal developer portal that acts as a central work hub. And the portal unifies all of the tools and workflows developers need to fully own the software development life cycle within an intuitive interface.
This open platform is highly adaptable, integrating with the existing tech stack behind the scenes to create a standardized operating environment for R&D teams. And the portal enables developers to perform complex tasks, like spinning up a new microservice, in just a few clicks with all best practices baked in. This approach enhances developer productivity and ensures compliance with company policies.
Port also announces the integration of popular LLMs with its platform, allowing organizations to embed AI capabilities directly into their customized developer portals. The open nature of Port’s platform enables each organization to leverage AI models according to its needs. Popular uses include investigating incidents using natural language search to quickly find root causes and relevant experts, automatically generating clear error messages from failed build logs, and recommending internal libraries and components to developers based on the feature or service they’re currently working on.
KEY QUOTES:
“Development teams today are overwhelmed with responsibilities that extend far beyond writing code, leading to operational chaos and a degradation of standards. Our mission is to empower teams to start left, ensuring that everything is secure, compliant, and high-quality by design. Port provides a dynamic, customizable platform that fits into each company’s DNA and evolves with their needs, enabling all stakeholders — from developers to security teams to leadership — to collaborate effectively and maintain organizational standards. Port empowers teams to be self-sufficient owners of the software they develop, restoring agility and driving significant business impact.”
-Zohar Einy, co-founder and CEO of Port
“We see the internal developer portal market as the next big must have in software development, with the potential to rival the impact of APM or Git providers. Port has emerged as the #1 product in this space due to the platform being highly customizable while also maintaining agility and ease of use. Zohar and Yonatan’s dev-first approach sets them apart and their exceptional growth speaks volumes about the team’s product execution and market fit.”
-Matt Robinson, Partner at Accel
“Over the past decade, organizations have invested heavily in DevOps, automating processes and adopting best practices to drive agility. However, they haven’t reaped the full benefits due to the increased complexities introduced. Port has experienced a meteoric rise because it arrived at a key moment, serving as the missing piece that completes the DevOps puzzle. Customizable internal developer portals enable organizations to finally unlock the true promise of DevOps — improved DORA metrics, streamlined workflows, enhanced agility, adherence to standards, and empowered developers.”
-Amit Karp, Partner at Bessemer Venture Partners
