LibLab, a developer tools company that offers a SDK-as-a-Service platform for engineering teams, has announced that it has raised US$42 million in Series A funding to enable the expansion of its core software development kit (SDK) code generator services. Global software investor Insight Partners led the round, with participation from new and existing investors such as Zeev Ventures, Stepstone, Sheva, and Rainfall. LibLab previously raised US$8 million Seed led by Zeev Ventures. This brings LibLab's total raised to US$50 million.
Latham & Watkins LLP represents LibLab in the transaction with an emerging companies team led by Bay Area partner Michael Podolny, with associate Eric Znotins.