Jellyfish Announces Series A Funding Led by Accel, Wing Venture Capital
Since January 2020, Jellyfish Has Seen 90% Revenue Growth and Increased Adoption Following Worldwide Shift to Remote Work
Jellyfish, the pioneer Engineering Management Platform, announced it has raised over $12 million from preeminent investors Accel and Wing Venture Capital. The company has experienced tremendous growth following a worldwide movement to remote work. Revenues have grown over 90% already, and the company is on pace to triple its customer base in 2020. This continued momentum speaks to a significant market need for engineering leaders to have better visibility, drive strategic alignment, and improve performance as more organizations move to remote and distributed workplaces.
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Jellyfish is the brainchild of Andrew Lau, David Gourley, and Phil Braden, former engineering and product leaders who faced the challenges of managing growing teams and aligning their work with the strategic direction of the business at companies like Endeca and Groupon. “As engineering organizations scale,” said Andrew Lau, the team’s CEO, “it becomes increasingly difficult for leaders to keep a pulse on what their teams are working on, whether those things are aligned with the company’s strategy, and how these teams are performing.” That is especially true of remote and distributed teams, where visibility into the daily work productivity and alignment poses an even greater challenge. “Leaders need a comprehensive picture of their organizations now more than ever. But in a world where software development has become the foundation of modern business, data-driven engineering insights are still scarce.”
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“Sales and Marketing have data-driven tools like Salesforce and Marketo,” explains Patrick Rubeski, VP of Engineering at Buildium, a Real Page Company. “I needed something similar to run the operations of my engineering organization that’s distributed across three locations in addition to a remote workforce. We found that only Jellyfish provided the right balance of capabilities, connecting our day-to-day operations up to strategic level metrics with their Allocation Framework.”
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