Port, an Israeli startup specializing in internal developer portals and AI agent management, announced Thursday it has secured \$100 million in Series C funding. The round, led by General Atlantic with participation from Accel, Bessemer Venture Partners, and Team8, values the company at \$800 million and brings its total funding to \$158 million.
This latest investment follows a \$35 million Series B round in May. Port, founded in 2022, provides a proprietary platform that offers a centralized catalog of developer tools and metrics, acting as an alternative to open-source projects like Spotify's Backstage.
A key differentiator for Port's platform is its integrated capability to manage Artificial Intelligence (AI) agents. The company reports it has attracted major customers, including GitHub, British Telecom, and LG, for its solution in orchestrating these advanced developer tools.
Zohar Einy, co-founder and CEO of Port, stated that the current landscape for managing devtool agents within companies is a "wild west." Einy indicated that developers aim to leverage AI beyond basic coding for tasks such as incident resolution, security issue mitigation, and release management. Port's platform is designed to address the challenges of finding, sharing, and ensuring compliance of these agents with corporate standards.
The platform offers features for orchestration, performance measurement of agents, and human-in-the-loop approval processes. A component named "context lake" defines data sources, context memory, and guardrails for agents, enabling them to operate safely and correctly, according to Einy. In addition to cataloging existing agents, Port allows for the creation of new agents and offers pre-built solutions for tasks like helpdesk ticket resolution and provisioning.
Einy described the product as addressing the "other 90%" of software programmers' work that extends beyond writing code, providing engineers with a user interface to control, iterate with, and approve agent actions. Port operates within a competitive market for agentic management and orchestration, with other notable players including LangChain, UiPath, and Cortex.
