Multi-billion dollar startup valuations are progressively turning into the money of Silicon Valley. The most recent is San Francisco-based social-coding platform GitHub, which is raising a $200 million Series B that depends on a $2 billion valuation, according to a report in Bloomberg today.
GitHub “has no remark” about the potential raise and valuation, says representative Kate Guarente.
Established in Feb. 2008, GitHub gives programming designers an approach to share and store the code they are taking a shot at. Programming specialists can utilize GitHub to team up on open-source ventures. There are very nearly 10 million designers taking a shot at about 24 million ventures on the platform, according to GitHub.
GitHub went up against its first outside capital in July 2012, when the regarded funding firm Andreessen Horowitz invested $100 million.
Notwithstanding being an instrument for programming engineers, GitHub is a path for architects to find out about each other. “GitHub has turned into the true informal community for software engineers. On the off chance that you are utilizing another software engineer’s open source libraries, are occupied with what she’s doing or only a devotee of her work, you can take after her on GitHub,” said Andreesen Horowitz accomplice Peter Levine when the firm put resources into GitHub. “In the event that you have to enlist extraordinary software engineers, why take a gander at resumes when you can see an applicant’s genuine work on GitHub?”
That is no little accomplishment. Building ability is everything in our online-constantly, Internet-everything world. What’s more, finding and working together with programming engineers has turned into a $2 billion recommendation.