Uber alums engineering analytics startup Hatica has raised $3.7 million in a funding round led by Sequoia India and Southeast Asia’s Surge, it said on Thursday.
The San Francisco-based startup aims to increase developer productivity and well-being by helping them better understand how they spend their time through detailed technical analysis.
Objective
“There was no objective way to understand what the problem was,” Hatica co-founder and CEO Naomi Chopra said in an interview.
Chopra and his ex-Uber colleague Haritabh Singh (CTO) founded Hatica in 2020.
They found that developers were facing many distractions such as long meetings and other interaction requirements.
A phenomenon that has become even more common in remote and hybrid work. .
Hatica integrates with Git repository hosting services such as GitHub, GitLab, and Bitbucket; communication tools including Slack, Google Meet and Zoom.
Project management solutions such as Asana, JIRA and Trello; incident management offerings including OpsGenie, PagerDuty and VictorOps; and CI/CD platforms such as Circle CI, Jenkins, and Phabricator.
Once the data is acquired, Hatica provides performance metrics that are aimed at helping developers understand their cycle time.
Help them with better allocation to improve the quality of their code and reduce burnout.
Insights can also help accelerate product delivery and increase value streams for customers.
Hatica has already taken on many high-profile clients, including Amenify, Twitter, PayPal, Rakuten and Okta.
Today, the startup serves more than 20,000 developers and lead engineers and aims to eventually reach 30 million developers worldwide.
Expanding its developer reach will help the startup increase revenue as it charges companies based on the number of developers using its solution.
Commissioning offers a 50% faster cycle time, a 2.1x improvement in delivery planning and accuracy.
A 40% increase in production time – resulting in faster delivery speed and good condition.
Hatica, which currently has a team of 22 people, plans to use the US$3.7 million in seed funding to expand its team and add new business managers.
“Right now we’ve captured a very small part of the market.
So there is an opportunity to grow horizontally and vertically, which means adding more features to offer higher plans to our customers,” said Chopra.
Existing investor Kae Capital and executives from Google, Uber, Twitter, Okta and Notion also participated in the seed round as angel investors.
“We have very good investor confidence and they are confident that we will soon be able to raise our next term. So that’s why we did the future valuation round,” he said.
Before the latest round, the startup raised $900,000 from Kae Capital in a pre-seed round.
Sources: Techcrunch | Finance.yahoo