EngFlow, an Austin, Texas-based build acceleration company for innovative software development teams, announced that it raised $18 million in Series A funding.
The investment was from Tiger Global, Firstminute Capital, and Andreessen Horowitz, with participation from angel investors including Spencer Kimball (Cockroach Labs CEO), Tom Preston-Werner (GitHub co-founder), and Mike Scarpelli (Snowflake CFO) in addition to early angels such as Matt Klein (Envoy creator) and Rachel Potvin (GitHub Engineering VP).
The funds will be used to hire top experts in the industry, invest more in Bazel and open-source tooling around it, and continue to advance our EngFlow platform to help companies accelerate developer productivity and retention.
The company also launched Bazel Invocation Analyzer, a new open-source tool to help developers analyze their Bazel profiles and gain insights to optimize their builds and tests.
Customers of EngFlow include big teams of thousands of software developers. Its technology is uniquely positioned to serve these customers, with demonstrated use of tens of thousands of computing cores — and accelerating to hundreds of thousands in the coming months.
Since its inception in 2020, EngFlow has provided build acceleration technology to large enterprise customers in the financial services, automotive/autonomous driving, mobile and ecommerce, and software verticals.
Company: EngFlow Inc.
Raised: $18.0M
Round: Series A
Funding Month: November 2022
Lead Investors: Tiger Global, Firstminute Capital and Andreessen Horowitz
Additional Investors: Spencer Kimball, Tom Preston-Werner, Mike Scarpelli, Matt Klein, and Rachel Potvin
Company Website: https://www.engflow.com/news/
Software Category: Build Acceleration
About the Company: EngFlow is a SaaS company that is redefining how companies build software and ship well-tested products. Its remote execution service speeds up software builds by a factor of 10 or more, and its observability platform provides insights to optimize builds and tests. Created by the engineer who led the development of Bazel, Google’s open-source build system, EngFlow builds tools and connects experts in Bazel and builds an ecosystem. EngFlow products are used by engineers from startups to Fortune 500 companies to accelerate developer productivity and positively impact engineering culture.
Source: https://www.engflow.com/news/2022-11-15