Google-backed GitLab, a $8bn valued cloud-based software development firm, explores sale amid acquisition interest.

Google-backed GitLab, valued at $8bn, explores sale after attracting acquisition interest, according to sources. GitLab, which provides cloud-based software development tools, is working with investment bankers on a sale process that has attracted interest from peers, including cloud monitoring firm Datadog. The deal-making in the technology sector is on the rise, driven by advancements in AI and cloud computing.