Port, a platform designed to centralize multiple development tools and workflows into one dashboard, has raised $35 million in a Series B round co-led by Accel and Bessemer Venture Partners.
Yonatan Boguslavski and Port's current CEO Zohar Eini founded the company in 2022 after serving together in the Israel Defense Forces. Prior to joining Port, Einy was a Solutions Manager at Rookout, a debugging tools startup, and helped launch an AI monitoring company called Aporia.
Einy has long held the opinion that developers rely too much on DevOps teams (the teams that oversee the planning, testing, and development of apps) for tasks like resolving incidents and creating services. This creates bottlenecks that hurt scalability, he says.
“Modern developers are responsible for much more than just writing code,” Aney told TechCrunch. “They manage everything from deploying features and cloud resources to addressing bugs and outages to adhering to security and compliance standards. This combined increase is creating inefficiency across the team.”
With Port, Eyeny and Boguslavski sought to provide a more self-service way for developers to request the resources they need to do their work. Port aggregates ongoing development projects and provides visibility into the health and progress of those projects.
Port is an internal developer portal (IDP), a hub with development resources, tools, and documentation for building apps. There isn't much public data on IDP adoption other than ports, but that should obviously be taken with a grain of salt. However, according to the company's recent poll, 44% of companies already have an IDP in place or plan to add one this year.
What's driving adoption? DevOps has become a difficult function these days, but it hasn't gotten any easier. One study found that nearly half of DevOps teams feel pressured to deploy apps before thoroughly testing them and face unrealistic expectations when it comes to app development. Ta.
Port competes in the IDP market with startups like Cortex and, oddly enough, Spotify. (Spotify has a strong business in enterprise and development tools. Did you know?) In an effort to stand out from its competitors, the port has recently focused on improvements such as “service restoration time” and “deployment frequency.” Introduced tracking of development-related metrics. Port has also built AI into its platform for certain basic features, such as natural language search and developer tool suggestions.
“Port is an open platform, so organizations can leverage AI models according to their needs,” Aini said of the AI part. “Common uses we've seen so far include using search during incident investigation, automatically generating clear error messages from the logs of failed builds, and providing internal feedback to developers based on feature or service. This includes recommending libraries and components, which we are currently working on.
The Port, which has raised $58 million in capital to date, plans to add 30 employees to its 100 workforce by the end of the year. Ainy said Port has 10,000 users across customers including LG, British Telecom and GitHub, and is on track to grow revenue seven times over last year.
“We will use the Series B funding to expand our business and enhance our service offerings,” he added. “A significant portion of this funding will be used to enhance our product range to not only serve developers, but expand our reach to security teams, product managers, and leaders.”