Allstacks, a Raleigh, NC-based value stream intelligence software, announced that it raised $12.3 million in Series A funding.
The round was led by Companyon Ventures, with participation from Atlassian Ventures and CreativeCo and support from initial investors, including Hyperplane Venture Capital, S3, ClutchVC, and others.
Its investors are eager to support Allstacks as the company grows its innovative platform, helping software teams analyze large amounts of data and mitigate the software development risk.
Allstacks will use this latest round of funding to build out its go-to-market functions.
“We are at an inflection point where software team leaders need more advanced analytics to measure engineering team productivity and outcomes,” said Hersh Tapadia, CEO of Allstacks. “Allstacks meets this need and has been recognized as a leader by Forrester, GigaOm, G2, and others. This investment will help raise awareness and demonstrate that the company’s predictive forecasting platform is a game changer for any software team.”
Company: Allstacks, Inc.
Raised: $12.3M
Round: Series A
Funding Month: October 2022
Lead Investors: Companyon Ventures
Additional Investors: Atlassian Ventures, CreativeCo, Hyperplane Venture Capital, S3, and ClutchVC
Company Website: https://www.allstacks.com/
Software Category: Value Stream Intelligence
About the Company: Founded in 2017 by Hersh Tapadia and Jeremy Freeman, Allstacks is a predictive forecasting and risk management platform that improves software development outcomes. Leveraging machine learning and AI models across the software development lifecycle, Allstacks identifies at-risk initiatives and provides solutions to get them back on track. Allstacks’ value stream intelligence gives engineering teams a strategic voice in the boardroom. The company’s predictive data platform improves engineering efficiency and effectiveness. It adds further value across a company by keeping engineering, and cross-functional leaders informed of changing software development timelines and dependencies. Allstacks gives software organizations clear visibility into project status, team performance, and trends so you can eliminate surprises and predictably deliver customer value.
Source: https://www.allstacks.com/blog/allstacks-announces-series-a