# Bitrise

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitrise

- Industry: Software
- Headquarters: Budapest, Hungary
- Website: www.bitrise.io
- Total disclosed funding: $84M
- Latest round: Series C (Nov 8, 2021)
- Investors on record: 8

## About

Bitrise Ltd. is a comprehensive Continuous Integration and Delivery (CI/CD) platform tailored for mobile application development, streamlining the build, test, and deployment processes for mobile apps across multiple operating systems.Founded in 2014, Bitrise Ltd. operates out of Budapest, Hungary, providing an innovative CI/CD platform for mobile app developers. The company has successfully secured a total of 5 deals, with the latest funding round being a Series C, where it raised USD 60.00 mn on November 8, 2021, led by Insight Partners. The leadership team includes co-founders Lindsay Bree and Viktor Benei, with Barnabás Birmacher serving as CEO. The company has not experienced any notable pivots or structural changes since its inception.Bitrise offers a CI/CD platform specifically designed for mobile application development. It automates workflows for building, testing, and deploying mobile applications on platforms like iOS and Android. Key features include support for multiple programming languages, integration with version control systems, and advanced caching for efficiency. The platform helps clients expedite their market entry with dedicated build environments, automated code signing, and mobile-specific testing tools, serving a diverse clientele across North America, Europe, and Asia.In 2022, Bitrise generated revenue of USD 14.78 mn, with an EBITDA of USD 3.44 mn. Its revenue model primarily consists of subscription-based services, providing tiered pricing plans that cater to various user needs, from individual developers to large teams seeking scalable CI/CD solutions.Following the Series C funding round in November 2021, where Bitrise Ltd. raised USD 60.00 mn, the company plans to bridge the gap between the increasing demand for mobile products and the capabilities of mobile organizations. This funding will support the development of new products and enhancements to existing services. Additionally, Bitrise aims to expand its presence in new geographic markets, although specific regions and timelines have not been disclosed.

## Funding rounds

- Series C, Nov 8, 2021, $60M — Insight Partners, Partech Partners, OpenOcean, Y Combinator, Zobito, H14, Fiedler Capital, Oktogon Ventures
- Series B, Jun 11, 2019, $20M — Partech Partners, OpenOcean, Y Combinator, Zobito, Fiedler Capital
- Series A, Jul 31, 2017, $3.2M — OpenOcean, Y Combinator, Fiedler Capital
- Seed, Jan 1, 2017, $0.1M — Y Combinator
- Seed, Jun 15, 2015, $0.2M — Y Combinator, Fiedler Capital

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series A, Series B, Series C
- Fiedler Capital (https://capitalatlas.ai/funds/fiedler-capital) — Seed, Series A, Series B, Series C
- OpenOcean (https://capitalatlas.ai/funds/openocean) — Series A, Series B, Series C
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C
- Zobito (https://capitalatlas.ai/funds/zobito) — Series B, Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- H14 — Series C
- Oktogon Ventures (https://capitalatlas.ai/funds/oktogon-ventures) — Series C