On June 9, PostHog, which aims to help developers build 'successful products,' quietly announced it had raised $70 million in a Series D funding round led by digital payments giant Stripe. The funding was raised at a $920 million valuation. Notably, PostHog's Series D amounts to more than double of all the capital it had previously raised combined. Its new valuation also is roughly double its valuation at the time of its $15 million Series B in 2021, according to co-founder and co-CEO James Hawkins. GV general partner Crystal Huang said her firm was so impressed with PostHog's potential to 'unify a fragmented developer tools landscape' that it has invested in every round since leading PostHog's $9 millionSeries A in 2020. 'PostHog's ambition to automate the entire development stack with AI, from data warehousing to LLM observability and beyond, represents a significant leap forward for builders,' she said. 'We believe this integrated approach empowers developers to innovate faster...
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