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GitHub, collaborative platform for software projects, receives US $ 250 million in financing

The folks at GitHub (github.com), the popular tool for creating and managing software projects as well as a space to keep online repositories of public and private code, has confirmed the obtaining of 250 million dollars of series B financing -to continue its growth and expansion- mostly paid for by Sequoia Capital but also with contributions from Andreessen Horowitz, Thrive CapitalandInstitutional Venture Partners.

In addition to the report published a few hours ago by the Wall Street Journal where it is even pointed out that now GitHub achieves a value of 2 billion dollars, It is to Venture Beat that the company's spokespersons have shared more details of such an important novelty including what has made it possible, for example, its rapid growth and expansion with 25 million code repositories to date, being just 10 million in January. from 2014.

10 million users currently of 1.7 present in 2012, 320 employees and just 6 years of life because it was in 2008 when it emerged, are other figures related to the news. Likewise, in TechCrunch they affirm, also with official testimonies, that the new capital will aim to bring GitHub to a broader public -including the profitable business sector that GitHub Enterprise already offers-, enriching the sales and engineering team of the firm, as well as establishing itself in other countries since 70% of its current users come from outside the United States.

In short, there will be GitHub for a while, and despite the fact that companies like Google, Amazon and Microsoft work on similar code management solutions, nothing takes away from the former to remain as the world benchmarks in the area.