About Gitee
Gitee is a company based in Shenzhen (China) founded in 2009 by Liu Dong.. Gitee has raised $107.04 million across 2 funding rounds from investors including Baidu and FutureX. Gitee operates in a competitive market with competitors including GitHub, Gitlab, CollabNet, Bluespec and Bitbucket, among others.
- Headquarter Shenzhen, China
- Founders Liu Dong
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Sectors
Technology
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$107.04 M (USD)
in 2 rounds
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Latest Funding Round
$107.04 M (USD), Series B
Jun 29, 2023
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Investors
Baidu
& 1 more
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Employee Count
Employee Count
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Funding Insights of Gitee
Gitee has successfully raised a total of $107.04M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $107.04 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $107.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Gitee | Valuation | FutureX |
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| Dec, 2019 | Amount | Seed - Gitee | Valuation | Baidu |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gitee
Gitee has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Baidu and FutureX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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AI-enabled keyword-based search engine is operated for information retrieval.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gitee
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Gitee
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gitee Comparisons
Competitors of Gitee
Gitee operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GitHub, Gitlab, CollabNet, Bluespec and Bitbucket, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based version control and source code management platform
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| domain | founded_year | HQ Location |
Cloud-based CI/CD software is provided for application integration and automation.
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| domain | founded_year | HQ Location |
Enterprise application lifecycle management and version control are provided.
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| domain | founded_year | HQ Location |
Electronic design synthesis tools for ICs and FPGAs are provided.
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| domain | founded_year | HQ Location |
Source code management and AI-driven software delivery are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Gitee
When was Gitee founded?
Gitee was founded in 2009 and raised its 1st funding round 10 years after it was founded.
Where is Gitee located?
Gitee is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Who is the current CEO of Gitee?
Ma Yue is the current CEO of Gitee.
Is Gitee a funded company?
Gitee is a funded company, having raised a total of $107.04M across 2 funding rounds to date.
What does Gitee do?
Gitee was founded in 2009 in Shenzhen, China, as a provider of software development and source code management solutions. Operations focus on cloud-based services including code management, project collaboration, workflow integrations, progress tracking, static code analysis, and API documentation generation. The platform supports open-source initiatives and is accessible via gitee.com, serving developers in the technology sector globally.
Who are Gitee's investors?
Gitee has 2 investors. Key investors include Baidu, and FutureX.
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