LinearB, a platform that aims to increase efficiency among engineering teams through automation, analytics, and project management smarts, has raised $50 million in a series B round of funding.
The increase comes as businesses across the industry have transitioned to a semi-permanent state of remote work, despite the huge digital transformation boom. It has boosted the notion that every business today is a software company.
So how does LinearB deal with all of this? Well, the platform helps software developers align their daily work on their business goals, while managers can visualize people effort, real-time project statuses, and all of the important data in a single pane. LinearB can also detect when an issue is out-of-date and automatically updates the developers project management tool.
LinearB is able to do everything by using pre-built collaborations with GitHub, GitLab, Bitbucket, Jira, Slack, Jenkins, and CircleCI.
The story so far
LinearB, which was founded in 2018, had previously raised around $20 million in financing, the largest of which was through its series A round last March. In the subsequent months, the company said it has seen a three-fold increase in the number of individuals using its product, while the overall number of developers using the platform has increased by 700% to more than 100,000. Among the companies employing its product, include Drata, BigID, Cloudinary, and Unbabel.
Jellyfish, a company that recently closed a $71 million round of funding, suggests that the software delivery intelligence space is really starting to heat up.
Keren said: "Growing time is crucial to helping developers stay focused on learning, building, and solving problems."
There is no shortage of developer-focused tools to help them ship secure code more quickly GitHub Copilot and Snyk to name a couple. But while an average programmer may work eight hours a day or more, much of that time is not spent productively creating or shipping new code. That ultimately becomes to the foundation of what LinearB is attempting to do it, simplifying the (still important) non-coding spadework.
The average developer spends only one to two hours a day writing code, but the rest of their time is spent reading and reviewing code, updating issue-trackers, sharing status updates, and attending meetings, according to Keren. This non-coding work is filled with repetitive, menial tasks that they dislike. Unfortunately, the ecosystem of tools and the effort from organizations to improve this component of the development process isn''t nearly as mature.
Tribe Capital has provided a round of funding for LinearBs series B, with participation from Salesforce Ventures, Battery Ventures, and 83North.