Engineering Management Platform Jellyfish Raises Over $12 Million

By Annie Baker • May 6, 2020
  • Engineering Management Platform company Jellyfish announced it raised over $12 million from Accel and Wing Venture Capital

Engineering Management Platform company Jellyfish announced it raised over $12 million from Accel and Wing Venture Capital. And the company reported that it experienced tremendous growth following a worldwide movement to remote work.

Revenues grew over 90% already and the company is on pace to triple its customer base in 2020. And this continued momentum speaks to a significant market need for engineering leaders to have better visibility, drive strategic alignment, and improve performance as more companies move to remote and distributed workplaces. Companies such as Acquia, Toast, and Jobvite utilize Jellyfish to optimize the process, allocation, and structure of their organizations.

Jellyfish was founded by Andrew Lau, David Gourley, and Phil Braden, former engineering and product leaders who had faced the challenges of managing growing teams and aligning their work with the strategic direction of the business at companies like Endeca and Groupon.

By aggregating data from engineering tools (or “engineering signals”), along with contextual business data and applying intelligence, the Jellyfish Engineering Management Platform (EMP) provides the kind of visibility engineering leaders need to make sure the team is working on the things that are strategically aligned to the business, optimize the team’s execution, and deliver results faster.

Key Quotes:

“As engineering organizations scale. 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.”

“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.”

– Jellyfish CEO Andrew Lau

“Sales and Marketing have data-driven tools like Salesforce and Marketo. 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.”

– Patrick Rubeski, VP of Engineering at Buildium (a Real Page Company)

“Businesses depend on data now more than ever, but they’re just scratching the surface. In modern organizations with distributed engineering teams and remote workforces, the need for data-driven visibility and alignment is stronger than ever. Jellyfish takes a unique approach to data-driven engineering to provide that alignment where others cannot.”

– Ping Li of Accel