Jellyfish, a Boston-based startup allowing engineering leaders to set their engineering tasks in line with their tactical organizational objectives, has raised US$ 71 million in a Series C investment round led by Accel on 1 February 2022.
Investors: The latest investment round featured Accel as the lead investor with participation from Insight Partners, Tiger Global Management and Wing Venture Capital. The startup has managed to raise, in total, over US$ 114.5 million to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards ramping up its goal of raising engineering leaders from executors to influencers of business tactics by upgrading all features in 2022.
About Jellyfish
Brought to existence in 2017 by Philip Braden, David Gourley and Andrew Lau, Jellyfish assesses contextual business data and engineering signals to offer full visibility into how engineering organizations work and operate. The company witnessed a threefold increase in its revenue in 2021. Besides, numerous organizations, including Hootsuite, Priceline and PagerDuty, have begun employing the platform to derive insights into their engineering teams’ progress and maintain that work leads to value addition for their clients. The Jellyfish team has increased its team size by three times to take advantage of this growing demand and is well-positioned to extend that growth. Companies like Zoominfo, Mastercard, Toast and Bazaarvoice use Jellyfish to enhance the allotment of engineering resources to ensure their teams concentrate on what matters most to their firm.
What the Investors have to say: “Jellyfish has built the engineering management platform class and operates as the premier and only company to solve executive questions relating to what is trending in the engineering domain. The company allows data-enabled decision making for engineering leaders across several industrial sectors and brings transparency. It is exhilarating to sustain our collaboration with the Jellyfish team as they persistently grow and scale. We intend to support them in their next phase of growth.- Matt Gatto, Managing Director at Insight Partners. “Jellyfish revolutionizes engineering leaders from strategic executors into tactical contributors by offering them the resources to propel the conversation and administer operational functions. Currently, every firm functions as a software firm and the ability to provide data and insights from their staff is pivotal than ever before.”- Ping Li, Partner at Accel.
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