Overview

LaunchDarkly provides a platform for developers to manage and automate software features, primarily in the DevOps market. Its main product is a feature management platform that allows developers to control software features, enabling safe code shipping, self-serve experimentation, personalized user experiences, and improved application reliability. This platform also allows developers to revert feature behaviors without code changes, enhancing productivity. LaunchDarkly operates on a subscription model, charging clients for access to its services. The platform helps clients innovate more quickly, automate software releases, reduce delivery costs, and maximize the impact of software features. The goal of LaunchDarkly is to support developers in improving their software development processes.

Simplify's Take

What believers are saying

• LaunchDarkly's Snowflake native app supports data-driven decision-making in software development.
• The Guardian Edition introduces 'guarded releases,' improving release management and reducing risks.
• Recognition by Forrester as a strong performer boosts market credibility and client attraction.

What critics are saying

• Increased competition from Harness may pressure LaunchDarkly's market share.
• Integration challenges from the Houseware acquisition could disrupt operations or delay rollouts.
• EU data residency support may increase operational costs and complexity with evolving regulations.

What makes LaunchDarkly unique

• LaunchDarkly offers a unique feature management platform for safe, scalable software releases.
• The platform allows developers to switch feature behavior without code changes, enhancing productivity.
• LaunchDarkly's acquisition of Houseware integrates AI-driven analytics into feature management.

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Funding

Total Funding

$330.3M

Above

Industry Average

Funded Over

6 Rounds

Notable Investors:

Bessemer Venture PartnersInsight Partners

Notable Investors:

Bessemer Venture PartnersInsight Partners

$200,000,000

Series D

Aug 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$200M

View all funding stages