Jellyfish secures $71 Million in funding round to support its engineering management platform

Jellyfish, provider of an engineering management platform, announced that it has raised $71 million in a Series C round of funding, enabling the company to accelerate its mission of elevating engineering leaders from executors to influencers of business strategy by scaling all functions in 2022.

The funding round was led by Accel, Insight Partners, and Tiger Global with participation from Wing Venture Capital and previous investors.

Jellyfish's Engineering Management platform provides complete transparency into engineering organizations, the work they do, and how they operate.

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."

For more information about this news, visit https://jellyfish.co.