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Developer tooling startup Port sails away with $35M in funding
- Port IO Ltd., a developer tooling startup, has secured $35m in its biggest funding round ever.
- The Series B financial boost was led by Accel, and also saw Bessemer Venture Partners and existing backers such as Team8 and TLV Partners join in.
- Port provides an internal portal for developer teams that unites all the tools they require under one roof.
- The platform integrates with an extensive range of generative AI assistants, streamlining processes and boosting productivity.
- Port offers high adaptability, easily fitting into research and developer teams' existing technology stacks to help them maintain full compliance with their company's policies.
- Port has seen a lot of traction since closing its previous funding round in September 2020, with revenue and its customer base experiencing seven- and eightfold increases respectively.
- Customers of Port's platform will now be able to integrate third-party large language models, boosting developer productivity even further.
- Developers can spend more time coding rather than handling non-coding tasks thanks to the LLM integrations, according to Constellation Research.
- The rise in DevOps has helped organizations create and update software at lightning speed, but Port aims to further boost productivity by accommodating the complexity this way of working has introduced.
- Port's CEO and Co-founder Zohar Einy spoke of their aim to empower teams to remain fully secure, compliant, and high-quality.
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