Wing Venture Capital and previous investors joined Accel, Insight Partners, and Tiger Global in a $71 million Series C round of fundraising for Jellyfish, the first Engineering Management Platform. This Platform helps engineering professionals in coordinating engineering activity with strategic business goals. Jellyfish hopes to expedite its goal of transforming leaders of the engineering sector from executors of business strategy to influencers of that strategy by growing all functions in 2022 with the help of its most recent investment.
All businesses need to be able to see the software that is being developed in order to make sure that it is in line with their priorities as they transition to becoming software firms. The most effective approach for businesses to accomplish this is to provide technical leaders access to data and insights. About engineering groups, the work they accomplish, and how they conduct business, Jellyfish’s Engineering Management Platform offers total transparency.
Jellyfish was the first and only software to provide answers to executive queries about what was occurring in the engineering organization, and it also founded the category of Engineering Management Platform. Engineering leaders across sectors benefit from the company’s transparency and ability to make data-driven decisions, according to Matt Gatto, Managing Director at Insight Partners. As the Jellyfish team continues to expand and grow, the firm is excited to continue its future association likewise.
Jellyfish’s income more than quadrupled in 2021 as a result of the platform being used by hundreds of new businesses, including Priceline to acquire insights into the work of their engineering teams and make sure that work adds more value for their clients. The size of the Jellyfish team has tripled in order to meet this rising demand, and it is set to continue expanding.
Ping Li, Partner at Accel, stated that Jellyfish changes engineering leaders from tactical executors into strategic contributors by providing them with the means to drive the dialogue and carry out operational aspects.