New Investment Will Accelerate Jellyfish’s Mission to Help Engineering Leaders Align Engineering Work with Strategic Business Objectives
Jellyfish, the pioneer Engineering Management Platform that helps engineering leaders align engineering work with strategic business goals, announced that it has raised $71 million in a Series C round of funding led by Accel, Insight Partners, and Tiger Global with participation from Wing Venture Capital and previous investors. With this latest investment, Jellyfish plans to accelerate its mission of elevating engineering leaders from executors to influencers of business strategy by scaling all functions in 2022.
As all companies transform into software companies, they need visibility into the software that gets built to ensure that it aligns with the priorities of the business. The most powerful way for companies to achieve this is to put data and insights in the hands of engineering leaders. Jellyfish’s Engineering Management Platform provides complete transparency into engineering organizations, the work they do, and how they operate.
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“Jellyfish created the Engineering Management Platform category and is the first and only product to answer executive questions about what is happening in the engineering organization. The company brings transparency and enables data-driven decision making for engineering leaders across industries,” said Matt Gatto, Managing Director at Insight Partners. “We’re excited to continue our partnership with the Jellyfish team as they continue to grow and scale up.”
In 2021, Jellyfish more than tripled its revenue, with hundreds of new companies like Priceline, PagerDuty, and Hootsuite using the platform to gain insights into their engineering teams’ work and ensure that work provides as much value as possible for their customers. To capture this growing demand, the Jellyfish team has tripled in size and is poised to extend that growth.
“Jellyfish transforms engineering leaders from tactical executors into strategic contributors, by giving them the tools to lead the conversation and execute operational components,” said Ping Li, Partner at Accel. “Today every company is a software company, and this ability to contribute data and insights from their team is more important than ever.”
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