Jellyfish Raises $31.5 Million Series B Funding
Boston: Jellyfish, the pioneer Engineering Management Platform that helps engineering leaders align engineering work with strategic business objectives, has raised $31.5 million in a Series B round of funding led by Insight Partners and joined by previous investors Accel and Wing Venture Capital. Jellyfish plans to leverage this latest investment to accelerate its mission of helping engineering leaders connect their team’s day-to-day operations to business priorities—elevating engineering leaders from executors to influencers of business strategy.
Jellyfish saw extraordinary growth and momentum in 2020, increasing revenue by 5X and doubling its employee count. With COVID-19 contributing to a global transition to remote work, engineering leaders from companies such as DataRobot, Skillsoft, and ZoomInfo turned to the platform to get visibility into what their teams are working on and how it aligns with the priorities, needs, and strategic initiatives of the company.
“We are thrilled to welcome Insight to the Jellyfish family to scale our mission,” said Andrew Lau, Co-Founder, and CEO at Jellyfish. “Today, most executives have easy access to data to inform business decisions. But engineering insights for business decisions are still scarce, even in a world where software development has become the foundation of modern business. We’re on a mission to change that with the Engineering Management Platform that allows engineering leaders to enable the strategic conversation, adding to product strategy and overall company direction.”
The investment allows Jellyfish to scale its customer base as it becomes the Engineering Management Platform of choice for modern technology companies. With the support of investors Insight Partners, Accel, Wing Venture Capital, Pillar VC, and First Star Ventures, the company plans to expand its team across all areas of the business in 2021.
