May 2026
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Largest Developer Tools Public Companies
Benchmark revenue and EBITDA valuation multiples for public comps like
Datadog, Cloudflare, MongoDB, Atlassian and DigitalOcean.
 | Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, enables clients to monitor and analyze their entire information technology infrastructure, from servers to applications and Python scripts. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses to ensure uptime and latency objectives. | $200 | +70% | $71B | $68B | 19.8x | 82.3x | ||
| Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm’s edge computing platform, Workers, leverages this network by providing clients the ability to deploy and execute code without maintaining servers. | $196 | +18% | $69B | $69B | 31.7x | 649.0x | ||
| Founded in 2007, MongoDB is a vendor of a document-oriented database that accelerates development processes of new applications. Enterprise customers can choose between the fully managed offering, MongoDB Atlas, or the self-managed version, MongoDB Enterprise Advanced. MongoDB is a popular tool among developers, and its free Community Server has recorded over 500 million downloads since 2009. | $299 | +59% | $24B | $22B | 8.8x | 45.6x | ||
| Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney. | $92 | -56% | $23B | $23B | 4.5x | 17.7x | ||
| DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. Geographically, the company generates maximum revenue from North America and also has a presence in Europe, Asia, and the Rest of the world. | $164 | +479% | $17B | $18B | 19.6x | 48.8x | ||
| JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system. Its product portfolio includes JFrog Artifactory; JFrog Pipelines; JFrog Xray; JFrog Distribution; JFrog Artifactory Edge; JFrog Mission Control and JFrog Insight. Geographically, it derives a majority of revenue from united states and also has its presence in Israel, India and other regions. | $71 | +64% | $9B | $8B | 14.7x | 82.5x | ||
| GitLab Inc operates on an all-remote model. GitLab, a complete DevSecOps platform delivered as a single application. It operates in two competitive landscapes: DevOps point solutions and DevOps platforms. In terms of point solutions that are stitched together, GitLab’s offering is substantially different in that it is one platform, one codebase, one interface, and a unified data model that spans the entire DevSecOps lifecycle. DevOps platforms, the principal competitor is Microsoft Corporation following their acquisition of GitHub. GitLab is offered on both self-managed and software-as-a-service (SaaS) models. It is located in the United States, Europe, and Asia Pacific. It focused on accelerating innovation and broadening the distribution of its platform to companies across the world. | DevOps+1 | $26 | -43% | $4B | $3B | 3.3x | 18.4x | |
 | Justsystems Corp is a global software provider based in Japan. It provides service of user Interface customization, output customization. The company's products include XMetaL Author which brings automation to the process of content creation; XMAX, which is an embeddable ActiveX component designed for developers to integrate into custom environments; and XMetaL Developer, which is a tool for fast configuration of XML content authoring solutions that combines development tools in a robust and flexible Integrated Development Environment (IDE). The company also provides engineering services and training services. | $24 | +10% | $2B | $831M | 2.7x | 6.4x | ||
| C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World. | $10 | -63% | $1B | $817M | 2.1x | (2.6x) | ||
| Progress Software Corp provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. The following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include the United States, Canada, EMEA, Latin America, and Asia Pacific. | $30 | -51% | $1B | $3B | 2.6x | 6.4x | ||
| Centerspace is a real estate investment trust (REIT) that focuses on the ownership, management, acquisitions, redevelopment, and development of apartment communities. The company operates through a single reportable segment which includes the ownership, management, development, redevelopment, and acquisition of apartment communities and conduct their corporate operations from offices in Minot, North Dakota and Minneapolis, Minnesota. | $68 | -- | $1B | $2B | 7.9x | 11.8x | ||
 | Hanwang Technology Co Ltd is a China-based company engaged in offering character recognition technology and intelligent interactive solutions, and other products. Its products include dictionary pen, wise reader, HW pen, starter edition scanner, business card storage, drawing tablet, and there are also specifically identify products for text and graphics in education, finance, and other industries. The company also provides scanners, documents camera, air purifier and haze removal machine. It has products like handwritten cell phone, cloud technology and other kinds of technology licensing program. | $3 | -- | $694M | $668M | 2.4x | (58.6x) | ||
 | Qt Group PLC is engaged in Qt product development, commercialization and licensing under commercial and open-source licenses. It is used for developing cross-platform applications and graphical user interfaces for desktops, embedded systems, and mobile devices. The Group reports one business segment that provides its customers with software development tools. This technology is used in various devices and applications, including consumer electronics, vehicles, airplanes and industrial automation applications. Geographically, it has a presence in the Rest of Europe and APAC and North America. It derives revenue from License sales and consulting and others. | $23 | -66% | $590M | $712M | 2.8x | 10.8x | ||
 | Insyde Software Inc is engaged in the software and system firmware design and development, installation, and program modification for companies in the mobile, desktop, server, and embedded systems industries. Its products include DATA CENTER, AI & HPC, Client Computing, and IoT, Embedded & The EDGE. | $10 | +47% | $470M | $435M | 8.1x | 28.4x | ||
| Tianju Dihe (Suzhou) Technology Co Ltd is an integrated API-enabled data exchange service provider in China. It provide data management solutions, which are customized softwares comprising one or more of our products, including APIMaster, DataArts, QuickBot, SmartShield and AnchorChain. It customers include enterprises such as Tencent, Alibaba, Baidu, NetEase, Meituan, China Mobile, China Unicom, China Telecom, and many other internet companies. | $8 | +0% | $416M | $345M | 5.3x | 46.5x | ||
| Shandong Cvicse Middleware Co Ltd is engaged in research and development and sales of middleware software and provision of related technical services. | $4 | -7% | $323M | $267M | 12.2x | (193.6x) | ||
 | Suresofttech Inc is a software company that provides test automation tools and verification services for software safety verification in the mission-critical (high reliability) industry. | $6 | +62% | $292M | $279M | 4.3x | 27.3x | ||
 | Intercede Group PLC is an independent developer and supplier of identity and credential management software. Its product portfolio includes MyID, an identity, and credential management system, RapID is the password killer for killer apps, and MyTAM enables Android app developers and service providers to deploy trusted applications to the trusted execution environment simply and cost-effectively. The company serves a diverse range of markets including governments, enterprises, app developers, and service providers. It has operational footprints across the United Kingdom, the Rest of Europe, the Americas, and the Rest of the world. The majority of its revenue is derived from the Americas. | $2 | -32% | $92M | $70M | 2.9x | 9.9x | ||
 | Railtown AI Technologies Inc is engaged in the business of developing a software-as-a-service artificial intelligence solution that helps software development teams detect, analyze, and fix errors quickly in their development projects. Its Platform allows for real-time exception monitoring and alerting which permits developers, team managers, and executives to quickly locate, understand. and correct errors in their software development projects and their root causes, thereby preventing system and application downtimes. | $0 | -10% | $69M | $68M | — | (17.6x) | ||
| Link-U Group Inc through its subsidiaries engages in developing and operating manga apps, etc., utilizing data distribution technology based on its own original server design, operates a platform that connects businesses and users, supports and promotes the introduction of digital transformation, as well as planning, development, and operation in a wide range of areas, from manga apps to government systems, provides IT consulting services such as digital transformation support for government agencies, among others. | $4 | -- | $60M | $62M | 1.9x | 92.7x | ||
| Cirata PLC is a provider of collaboration software for the software development industry. The company offers Active Data Replication, a patented technology that enables the replication of continuously changing data to the cloud and on-premises data centers. The company serves data and source code management markets. In addition, the company offers cloud migration, cloud replication, data lakes, developer collaboration, and other related services. The company currently operates in geographical markets namely: North America, Europe, and the Rest of the World. The majority of the company's revenue is generated from North America. | $0 | -39% | $33M | $29M | 2.5x | (7.7x) | ||
 | Nodebis Applications AB provides digitization services for decision support and applications such as availability and optimization of resources. | $3 | +54% | $26M | $23M | 2.0x | 20.4x | ||
| Duiba Group Ltd is principally involved in the user management Software-as-a-Service (SaaS) platform business and internet advertising business. Its user management SaaS platform is designed to help businesses attract and retain online users cost-effectively, by offering various fun and engaging user management tools to boost mobile App user activity and participation on Apps. The company generates the majority of its revenue from the Internet Advertising business. | $0 | -- | $20M | $81M | 0.6x | (33.2x) | ||
| Succeed Co Ltd is engaged in providing In-house educational services such as the operation of tutoring classes, the introduction of tutors, and others. The company's reportable segments are: welfare human resource support business, educational human resource support business, individual instruction classroom business, and private tutoring business. Maximum revenue is generated from its individual instruction classroom business, which operates community-based individualized tutoring schools providing lessons to meet various needs, such as school supplementary lessons, exam preparation, and preparation for various tests for students from the first grade of elementary school to university entrance exam candidates. | $5 | -- | $18M | $3M | 0.1x | 1.1x | ||
| Median | $10 | +0% | $642M | $690M | 3.3x | 14.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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