Port Raises $100M For Spotify’s Backstage

Spotify may be synonymous with music streaming, but it’s also got a wildly popular developer-tool side hustle called Backstage.  Backstage is an open source project that helps companies build their own internal developer portals: a catalog of their developer tools along with quick visualizations of the work the tools have done, and other metrics. But like many open source projects, Backstage is a build-it-yourself option. Israeli startup Port has been gaining big-name customers like GitHub, British Telecom, and LG with a proprietary Backstage competitor: a dev tool portal that’s also now been geared to manage AI agents. Port raised a fresh $100 million Series C round led by General Atlantic, with participation from Accel, Bessemer Venture Partners, and Team8. The round values Port at $800 million and brings its total funding to date to $158 million. This Series C follows the company’s $35 million Series B led by Accel and Bessemer.