<ul data-eligibleForWebStory="true"><li>PostHog Inc., a developer tooling startup, has raised $70 million in funding led by Stripe Inc. and joined by GV startup fund, Formus Capital, and Y Combinator.</li><li>The company sells software tools to enhance applications, including features for new feature rollouts and data management tasks like tracking churn rate.</li><li>PostHog offers tools for testing updates with limited users using feature flags and testing multiple versions of new features.</li><li>Their suite includes data collection and analysis tools to track user interactions and identify user experience problems.</li><li>PostHog revealed tripled sales over the past year with annual recurring revenue in the tens of millions of dollars.</li><li>The funding will be used to enhance their AI assistant, Max AI, and expand the product portfolio to include tools for sales, support, and marketing teams.</li></ul>

PostHog raises $70M to streamline software development projects

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