Source: Pitchbook.com.

LaunchDarkly, the provider of a feature management platform for software development teams, has raised $54 million in a venture capital round led by Bessemer Venture Partners. Founded in 2014 and based in Oakland, Calif., the company has raised around $130 million in VC financing to date, including a $44 million round in March 2019 that valued it at $288 million. LaunchDarkly's customers include IBM, Microsoft and Atlassian.

From the Launch Darkly Website

Eliminate Risk & Deliver Value

LaunchDarkly enables development and operations teams to deploy code at any time, even if a feature isn't ready to be released to users. Wrapping code with feature flags gives you the safety to test new features and infrastructure in your production environments, without impacting the wrong end users.

When you are ready to release more widely, simply update the flag status and the changes are made instantaneously by our real-time streaming architecture.

Additional Investors Include:

Redpoint Ventures, Threshold Ventures, Uncork Capital, Vertex Ventures US, Bloomberg Beta

About Pinewood

Pinewood provides venture capital consulting, pitch deck design, investment teasers, and mergers & acquisitions consulting for high growth companies and investors.