Uber Hatica alumni engineering analytics startup has raised $3.7 million in a funding round led by Southeast Asia’s Sequoia India and Surge, it announced Thursday.
The San Francisco-based startup aims to increase developer productivity and well-being by helping them better understand how they spend their time performing detailed technical analysis.
“There was no objective way to understand what a problem was,” Naomi Copra, co-founder and CEO of Hatica, said in an interview.
Chopra and former Uber colleague Haritabh Singh (CTO) founded Hatica in 2020. They found that developers struggled with dozens of distractions, such as long meetings and other requests for interaction, a phenomenon that is even more common in the workplace, is hybrid. Ideas.
Hatica integrates with Git repository hosting services such as GitHub, Gitlab, and Bitbucket; communication tools such as Slack, Google Meet and Zoom; project management solutions such as Asana, JIRA, and Trello; Incident management offerings such as OpsGenie, PagerDuty and VictorOps and CI/CD platforms such as Circle CI, Jetkins and Phabricator.
Once you have the data, Hatica provides performance metrics designed to help developers understand and better map their cycle time to improve code quality and reduce burnout. Insights can also help accelerate product deliveries and increase customer value streams.
Hatica has already integrated many top clients, including Amenify, Twitter, PayPal, Rakuten and Okta. The startup now serves more than 20,000 developers and tech executives, eventually aiming to reach 30 million developers worldwide. Expanding developer reach allows the startup to increase revenue as it charges companies based on the number of developers using their solution.
The startup touts a 50% faster cycle time, a 2.1x improvement in delivery scheduling and accuracy, and a 40% increase in production time resulting in faster delivery and greater well-being.
Hatica, which currently has 22 employees, plans to use the $3.7 million seed funding to expand its team and hire new sales leaders.
“At the moment we have a very small market share. So there is an opportunity to grow both horizontally and vertically as we add more features so we can sell higher plans to our customers,” said Chopra.
The first round also included existing investor Kae Capital and senior engineers from Google, Uber, Twitter, Okta and Notion as angel investors.
“We have very good investor confidence and they are confident that we will be able to extend our next term soon. So we did a future evaluation round,” he said.
For the latest round, the startup raised $900,000 from Kae Capital in a pre-seed round.
Source: La Neta Neta
Jason Jack is an experienced technology journalist and author at The Nation View. With a background in computer science and engineering, he has a deep understanding of the latest technology trends and developments. He writes about a wide range of technology topics, including artificial intelligence, machine learning, software development, and cybersecurity.
