Cloud Computing: GitHub Raises Heady $100 Million A Round

Grazed from Sys Con Media. Author: Maureen O’Gara.

GitHub, the cloud-based collaborative source code management site, has raised a whopping $100 million first round.

Almost all of the money is coming from Andreessen Horowitz. It’s the largest single investment the young VC operation has ever made and values the San Francisco start-up at $750 million according to the Wall Street Journal. Ron Conway’s SV Angel firm is taking the crumbs Andreessen Horowitz left on the table.

GitHub wants to be the standard in coding and is taking the dough to expand and build out an enterprise sales team…

It will also use it for further tool development and language support. It wants to work seamlessly across platforms including Windows, Mac, Linux and mobiles. It aims to be ubiquitous targeting individuals, students, small teams, universities, big corporations and even the non-technical. It calls the strategy simply "GitHub Everywhere."

It expects to be hiring and it’s got the cash for acquisitions.

Previously reluctant to take outside money, the 100-man bootstrapped operation has apparently been profitable since it started in 2008.

It costs $7-$200 a month to store private source code on GitHub. Open source projects are free. Companies can now also license GitHub programming software for $250 a user a year.

GitHub currently hosts upwards of 3.1 million software projects, organized around people rather than the code, and claims more than 1.7 million users including Twitter, Facebook, Microsoft, Mozilla, LinkedIn and VMWare.

Andreessen partner Peter Levine, the founder of XenSource, which Citrix acquired, is joining GitHub’s small board.

GitHub competes with the Accel Partners-backed Atlassian, which has raised a-not-too-shabby $60 million.