Diligence memo · auto-generated · as of July 2, 2026
Bitrise, Inc.
Bitrise, Inc. has raised $118M over 3 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Bitrise, Inc. operates in SaaS / Software, based in BUDAPEST, Hungary; Remote. Hosted Continuous Integration and Delivery for mobile apps
Sub-sector tags: Developer Tools, DevSecOps, SaaS, B2B.
Capital & rounds (filed)filed
Bitrise, Inc. has raised $118M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series C (a $40M–$100M round).
Largest single filing: $96M on 2021-11-05.
Most recent recorded round closed around 2021-11-05.
Valuation (modeled)modeled
Provath models Bitrise, Inc. at approximately $2.2B (range $371M–$4.9B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 27 months.
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.
The last round stepped up 4.9× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 98% of SaaS / Software peers (381 compared).
Modeled value ranks above 99% of those peers.
Closest niche peers: SaaS Labs US, Inc..
Peoplefiled
7 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.