Bit raises $25 million Series B for component-driven cloud platform
The Israeli startup has developed a platform developers can use to build independent components and compose them into features and applications
CTech | 14:34 16.11.2021
Israeli startup Bit, which is developing open-source tools and a cloud platform for components, announced on Tuesday that it has raised $25 million in Series B funding led by New York-based global venture capital and private equity firm Insight Partners. Insight joins existing investors Disruptive VC and entrepreneurs from companies such as Wix and Snyk. To date, Bit has raised $36 million in funding. Earlier this year, Bit released a new beta product version which was quickly adopted by hundreds of organizations including Dell, AT&T and Moody’s, to help them transition from monoliths to component-driven software, driving development consistency, speed and scale. With Bit, developers can build independent components and compose them into features and applications, helping them to scale development while maintaining a fast pace of delivery and a consistent user experience.