LaunchDarkly, an Oakland, CA-based feature management platform that teams use to build software, raised $44m in Series C financing.
The round, has received a total of $76m in funding to date, was led by new investor Bessemer Venture Partners with participation from existing investors Redpoint, Vertex Ventures, DFJ, and Uncork Capital.
The company intends to use the funds to further scale and expand adoption of its platform.
Led by Edith Harbaugh, CEO and co-founder, and John Kodumal, CTO and co-founder, LaunchDarkly provides a feature management platform which is used by product development teams to control feature lifecycles, eliminate risk from deployment processes, and increase efficiency throughout development cycles.
Since launching in 2014, the company has continued to experience rapid growth with more than 700 customers globally – including Microsoft, BMW, IBM, and RyanAir.