Port Raises $35M in Series B Funding
November 06, 2024

Port announced $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.

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.

"Development teams today are overwhelmed with responsibilities that extend far beyond writing code, leading to operational chaos and a degradation of standards," said Zohar Einy, co-founder and CEO of Port. "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."

Port is also announcing 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 their 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.

"Over the past decade, organizations have invested heavily in DevOps, automating processes and adopting best practices to drive agility," said Amit Karp, Partner at Bessemer Venture Partners. "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."

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