DevOps platform startup Port IO Ltd. has closed on its biggest funding round to date, raising $35 million in an investment led by Accel.
The Series B round also saw participation from Bessemer Venture Partners and existing backers such as Team8 and TLV Partners, and brings the company’s total amount raised to date to $58 million. In addition to today’s round, Port announced that its platform now integrates with a wide range of popular large language models, which paves the way for developers to leverage various generative AI assistants.
Port is the creator of an internal portal for developer teams that encompasses the full scope of the work they’re expected to perform. As the startup explains, modern developer teams are no longer tasked with just writing code, but a whole range of related work. For instance, they’re also responsible for delivering new features, handling incidents and outages, managing the underlying cloud infrastructure, and ensuring that their applications and systems comply with privacy, security and regulatory standards.
Port co-founder and Chief Executive Zohar Einy (pictured left, with co-founder and Chief Technology Officer Yonatan Boguslavski) says all of these added responsibilities cause a lot of chaos for developers. They’re having to juggle multiple software systems and tools, with no clear workflow outlined, resulting in lots of confusion and inefficiencies and lower productivity, he argues. Port aims to resolve this.
Using its software, developers can manage the full scope of their expanded duties through an internal developer portal that acts as their “work hub.” Port unifies all of the various tools developers need under one roof, so to speak.
The company says the platform is highly adaptable, integrating with existing technology stacks to create a kind of operating environment for research and developer teams. Using Port, developers can quickly identify their most pressing tasks and perform various jobs, such as spinning up new microservices, with just a few clicks, without ever leaving Port’s portal. By doing all of their work in Port, developers can also ensure they remain in full compliance with their company’s various policies.
“Our mission is to empower teams to start left, ensuring that everything is secure, compliant, and high-quality by design,” Einy said. “Port provides a dynamic, customizable platform that fits into each company’s DNA and evolves with their needs, enabling all stakeholders to collaborate effectively and maintain organizational standards.”
It’s an appealing concept and Port has seen a lot of traction since closing on its last funding round in September 2023. The company says its revenue has increased by more than seven times in the last 12 months, while its customer base has expanded more than eightfold in that time. Its new customers include globally renowned enterprises like GitHub Inc., LG Electronics Ltd. and British Telecom Plc.
With the launch of its new LLM integration, Port is anticipating yet more growth, the company said, since its platform will become much more helpful, further boosting developer productivity.
Customers will be able to integrate their choice of third-party LLMs, which will serve as the foundation of a variety of generative AI assistants that live inside their customized developer portal, ready to serve their users at any moment. These integrations are made possible by the open nature of Port’s platform.
According to Port, some example use cases including AI assistants that can investigate security breaches and outages and provide details in clear language. It can clearly explain error messages from failed build logs, recommending internal libraries and components to developers based on the feature they’re trying to create, and many more.
Constellation Research Inc. analyst Holger Mueller said the LLM integrations will be welcomed by Port’s users, since any automation of non-coding tasks will enable their developers to spend more time coding.
Amit Karp of Bessemer Venture Partners said the rise of DevOps has transformed the way software is created and updated, helping organizations to push out new apps and introduce new features faster than ever. But he thinks companies can see even more benefits by taming the complexity DevOps has introduced.
“Port has experienced a meteoric rise because it arrived at a key moment, serving as the missing piece that completes the DevOps puzzle,” Karp said. “Customizable internal developer portals enable organizations to finally unlock the true promise of DevOps.”