That, along with customer growth around 175 customers led the company to take the new capital to advance its mission. Nobody wants to be in a dark room and disconnected.. By aggregating all this data, companies can glean insights such as how much of the engineering teams time and effort is spent on building new features versus maintenance, how quickly a team is shipping new products, and whether they are on schedule. Join AI and data leaders for insightful talks and exciting networking opportunities. The massive global push to remote work has increased demand for cloud-based tools such as Jellyfish, with new customers like DataRobot, Skillsoft, and ZoomInfo joining the likes of Toast, Medium, and Mastercard subsidiary SessionM. The company said it saw significant growth and momentum last year, with its revenue rising fivefold and its headcount doubling.

The Jellyfish platform analyzes engineering signals and contextual business data, which includes the data produced by the myriad developer tools out there such as issue trackers and source code management tools, among other DevOps tools to determine what teams are working on, what progress theyre making, and how teams and individuals are performing from a productivity standpoint. We may collect cookies and other personal information from your interaction with our The latest round comes a year after it raised $31.5 million in Series B funding.

Jellyfish believes this can be done by giving software engineering leaders the data and insights they need to do that. For more information on the categories of personal information we collect and the purposes we use Its a really hard world, and its been complicated and accelerated by how much every company has really put a fine point on needing to be a software company and even an excellent software company, Lau added. Jellyfish, a software engineering management platform that helps managers align engineering work with business objectives, has raised $31.5 million in a series B round of funding led by Insight Partners. Join AI and data leaders for insightful talks and exciting networking opportunities in-person July 19 and virtually July 20-28. Jellyfish said it now plans to scale its customer base and grow its headcount throughout 2021. jellyfish mane lion parallel evolution plan body radial bilateral genes code biggest genetics role transparent animals visit Jellyfish had previously raised $12 million via its Accel-led series A round last May, and this latest round included repeat investments from Accel and Wing Venture Capital. Engineering is the most important part of most companies today, but yet, we havent advanced or changed the way that we connect the work that teams do to the business and vice versa., Jellyfish dashboard. The company wasnt necessarily considering a new round of funding, but Lau explained that Jellyfish more than tripled revenue in the last year. Rather than relying on manual data collection, Jellyfish promises a real-time, data-driven view into how engineering teams are spending their time and how this relates to company strategy. Founded in 2017, Boston-based Jellyfish is setting out to do for engineering team leaders what customer relationship management (CRM) systems have been doing for sales teams for years using data to inform decision-making to improve how work is done and how its measured, Jellyfish cofounder and CEO Andrew Lau told VentureBeat. Each of these tools helps paint a picture of where work time and resources are spent, Lau added. Hear from senior executives at some of the worlds leading enterprises about their experience with applied Data & AI and the strategies theyve adopted for success. For us, we went looking for a chance to do for engineering what Salesforce did for sales, Lau added. them for, Image Credits: Jellyfish. website. As more companies become software companies, what is being created still needs to align with business objectives. Numerous developer-focused startups attracted sizable VC investments in 2020, spanning project management and issue tracking, universal code search, and even recruitment. Register today! They need help making sure the teams are aligned.. Join us at the leading event on applied AI for enterprise business and technology decision makers in-person July 19 and virtually from July 20-28. Its not just about making that job easier. Their idea became Jellyfish, which essentially pioneered the term engineering management, to provide a software tool for insight into engineering organizations, including what they are working on and how they operate. However, its worth noting that Jellyfish isnt strictly about getting engineering teams to ship products faster or more efficiently; its more focused on ensuring teams are pushing in the same direction toward the companys broader business objectives. Jellyfish allows engineering leaders to measure the engineering teams work across various customizable axes in order to visualize how that work compares to the goals and priorities of the business, and what adjustments might need to be made, Lau continued. Jellyfish also taps broader business data sources spanning product roadmap, customer usage, revenue, calendars, and HR. Given thatevery company is now effectively a software company, demand for developers and tools to support them will only grow. We are excited to bring Transform 2022 back in-person July 19 and virtually July 20 - 28. Sealife illustration, including jellyfish, every company is now effectively a software company. VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Engineers understand what they work on and how it affects and grows the business. In total, the company has raised just over $114 million. Jellyfish shows where engineering organizations are focusing their time and resources and how those teams are executing.. To continue developing its technology, the company announced Tuesday $71 million in Series C investment led by Accel, Insight Partners and Tiger Global, with participation from Wing Venture Capital and other existing investors. Learn more about membership. This could be aligned with any specific goal framework, such as objectives and key results (OKRs). Jellyfish integrates with all the common developer and business tools, including GitHub, GitLab, Jira, Confluence, Bitbucket, Aha, and Google Sheets. In addition, its team of 125 people has been doing great and found really strong legs through the year. Two years ago, Jellyfish had 20 employees. VentureBeat Homepage.cls-1{fill:#ed2025;}.SiteLogo__v{fill:#ffffff;}. Its helping make businesses run more efficiently so they can make smarter decisions. please view our Notice at Collection. This provides leaders of engineering organizations with the visibility needed at every level, from the progress or impediments of roadmap items to the productivity of a single engineer, Lau said. This will in turn drive the need for companies to track how their engineering teams are performing in relation to company strategy, which is where Jellyfishs real-time, data-driven platform comes into play. Lau and his co-founders David Gourley and Philip Braden met 20 years ago when Gourley and Braden hired Lau to work with them at e-commerce search software company Endeca, which they took from eight to 550 people and sold to Oracle for $1.1 billion in 2011. The way that engineering teams are led, managed and tied to the business is still the same as it was 20 years ago, Andrew Lau, co-founder and CEO of Jellyfish, told TechCrunch. They came back together in 2016 with the idea for Jellyfish that came out of their own experiences and challenges of running big engineering teams namely trying to link the business up with what the engineers are doing.