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Can you step back further and explain what Renovate and its competitors like Mend actually do, and what kind of tasks people use them for?
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Mend is not a competitor, renovate is the software, mend is the company.

They are tools that automatically check your repo for dependencies and create PRs when there are updates. It supports a wide range of package managers and other places dependencies may be specified.

Dependabot is another solution which is more „GitHub-native“ maybe.

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In short, Renovate (by Mend) is a dependency manager for software projects. It watches your repository for outdated libraries, packages, and frameworks and opens Pull Requests to update them.
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See also: https://news.ycombinator.com/item?id=40011111

(a blog post I wrote, prior to joining Mend and working as a Renovate maintainer)

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