Bitrise raised $60 million in Series C funding led by Insight Partners to expand its mobile DevOps platform and accelerate growth.

Target Company Overview

Bitrise is a mobile DevOps company that specializes in enhancing the development process for iOS and Android applications. Founded in October 2014 by Barnabas Birmacher, Daniel Balla, and Viktor Benei, the company has rapidly evolved to meet the increasing demand for faster mobile app delivery. Initially securing $3.2 million in its Series A funding in 2017, Bitrise went on to raise an additional $20 million during its Series B round in 2019. Most recently, it has successfully completed a Series C funding round, raising $60 million to further support its growth initiatives.

Headquartered in Budapest, Bitrise has also established a notable global presence, with offices in London, San Francisco, Boston, and Osaka. The company currently boasts over 100,000 developers from more than 6,000 mobile organizations utilizing its platform. Bitrise's focus on automating critical workflows aims to streamline mobile app development, enabling companies to enhance their release cycles and improve overall application performance.

Industry Overview in Hungary

The mobile app development industry is experiencing significant growth globally, with the demand for mobile solutions skyrocketing. In Hungary, where Bitrise is located, the tech ecosystem has been thriv