Companies · SaaS / Software

Bitrise, Inc.Winter 2017Active

BUDAPEST · Hungary; Remote · SaaS / Software · refined from filed group “Other Technology · founded 2016 · https://bitrise.io

Diligence memoA one-page analyst read on Bitrise, Inc. — recommendation, valuation, rhythm, risks.
$118.3M
Total raised · real
3
Rounds
4.9×
Latest step-up
Top 3%
Sector rank · raised
Series C
Latest stage · inferred · Fri Nov 05 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Bitrise, Inc. has raised $118M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the saas sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

At-risk
  • Last raise 4.7 yr ago; this sector typically re-raises about every 22 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in SaaS / Software

Bitrise, Inc. is one of 381 SaaS / Software companies tracked from BUDAPEST, Hungary; Remote, on record since 2016. By capital raised it ranks among the largest (ahead of 98% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Hosted Continuous Integration and Delivery for mobile apps

Bitrise helps you automate your daily app development tasks from building through testing to deployment. With Bitrise you can configure these tasks with a unique, visual workflow editor, with dozens of service integrations ready to roll. We call these steps, and they are all open source! If the step you need is not in our collection you can create your own and share it with others. Project Managers can get a clear picture of the development and testing of apps, testers get regular notifications about available, testable builds, and clients are able to collaborate with the rest of the team. Bitrise is free to get started and takes just 50 seconds to setup your first project.

Developer ToolsDevSecOpsSaaSB2B
Find Bitrise, Inc. online

As reported in public records reported — not modeled.

HU
Jurisdiction
Rule 506(b)
Reg D exemption
18
Investors (latest)
2016
Year incorporated
2021-11-05
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeed · 2017-04-07 Raised $2.7M (real) Modeled valuation $104M (est)$2.7M$104MSeed2017Series B · 2019-06-11 Raised $20M (real) Modeled valuation $681M (est)$20M$681MSeries B2019Series C · 2021-11-05 Raised $96M (real) Modeled valuation $2.2B (est)$96M$2.2BSeries C2021+$20M+$96MCumulative $118M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$2.7M · 2017
Series B$19.7M · 2019no Series A on file
Series C$95.9M · 2021

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 60%.

Modeled valuation trajectory
$2.2B
Base estimate est.
$370.7M
Conservative case
$4.9B
Upside case
$639.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ca $40M–$100M round). Valuation is modeled from stage benchmarks scaled by the saas sector profile. Directional, not a quoted figure.

Seed · modeled $104.3M · 2017-04-072017Series B · modeled $681.0M · 2019-06-11Series C · modeled $2.2B · 2021-11-052021
Model inputs · modeled:benchmark-stage-stepup-v1
15%
Dilution assumption
Implied ownership sold in the financing.
78%
Survival probability
58% low · 90% high
1.38×/yr
Annual markup
1.58×/yr upside case
4.7 yr
Elapsed time used
4.7 yr actual, capped for stale marks
saas
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$25.8M/yr
Capital velocity
9.2 yr
On record since
2017
First round
3
Rounds on file
How it compares to the market

Benchmarked against 381 companies in SaaS / Software. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 15× above median
This company$118.3M
Sector median$7.7M
Latest round — vs other Series C rounds in sector (real $, this stage) 1.3× above median
This company$95.9M
Sector median$75.0M
Modeled value — vs sector median (estimate, all stages) 26× above median
This company$2.2B
Sector median$86.5M

Raised more than 98% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series C) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Bitrise, Inc. this companySeries C$118.3M$2.2B1.40×
SaaS Labs US, Inc.Series C$54.7M$946.0M0.60×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$2.7M2017-04-07$13.5M$104.3M90%
Series B$19.7M2019-06-11$109.4M$681.0M90%
Series C$95.9M2021-11-05$639.2M$2.2B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$2.7M2017-04-07
    • First recorded raise — entered as Seed.
    • 2 investors on this round.
  2. Series B$19.7M2019-06-11
    • Raised 26 mo later, in step with the ~22 mo sector norm.
    • Round 7.3× larger than the prior — scaling up.
    • 9 investors on this round.
  3. Series C$95.9M2021-11-05
    • Raised 29 mo later, in step with the ~22 mo sector norm.
    • Round 4.9× larger than the prior — scaling up.
    • 18 investors on this round.
Intelligence
2024 ~Q1
Modeled next raise · ~27mo cadence
$287.6M
Modeled next size est.range $187.0M$460.2M
4.9×
Last step-up
$25.8M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Barnabas Birmacher2017-04
Daniel Andras Balla2017-04
Daniel Balla2021-11
Ekaterina Almasque2021-11
Ekaterina Andras Almasque2019-06
Reza Andras Malekzadeh2019-06
Reza Malekzadeh2021-11
Registry & provenance

Bitrise, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
HU
Jurisdiction
1704060
SEC CIK
2016
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
PagerDuty, Inc.SaaS / SoftwareSeries C$144.5M$3.2Bsame sector · same stage
Submittable Holdings, Inc.SaaS / SoftwareSeries C$150.4M$874.6Msame sector · same stage
SaaS Labs US, Inc.SaaS / SoftwareSeries C$54.7M$946.0Msame sector · same stage
Cortex, Inc.SaaS / SoftwareSeries D+$133.4M$1.9Bsame sector
Heap Inc.SaaS / SoftwareSeries D+$148.7M$2.8Bsame sector
Auto Saas Holdings LlcSaaS / SoftwareSeries D+$152.5M$3.9Bsame sector
Snapdocs, Inc.SaaS / SoftwareSeries D+$265.0M$4.3Bsame sector
Ramani CorpSaaS / SoftwareSeries A$42.1M$366.4Msame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

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Frequently asked
How much funding has Bitrise, Inc. raised?
Bitrise, Inc. has raised approximately $118.3M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Bitrise, Inc.'s estimated valuation?
Provath's modeled valuation for Bitrise, Inc. is approximately $2.2B (modeled range $370.7M–$4.9B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Bitrise, Inc. at?
Bitrise, Inc.'s latest modeled financing stage is Series C. Its most recent recorded round closed around Fri Nov 05.
What does Bitrise, Inc. do and where is it based?
Bitrise, Inc. operates in the SaaS / Software sector, based in BUDAPEST, Hungary; Remote. Hosted Continuous Integration and Delivery for mobile apps
Explore related

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