Swarmia Raises $ 8 Million in Seeds to Help Software Development Teams Manage Data – TechCrunch
Swarmie, a B2B SaaS company for data-processing software development teams, raised a â¬ 5.7 million seed round and a previously unannounced â¬ 1 million pre-seed round, raising its to 6.7 million euros ($ 8 million). The Seed cycle was led by Alven Capital and joined by Jigsaw VC, Irena Goldenberg, Alex Algard, Lars Fjeldsoe-Nielsen, Jonathan Benhamou and Romain Huet. Lifeline Ventures, the only investor in an unannounced â¬ 1m pre-seed round, also participated. The money will be used to adjust to the United States.
Founder Otto Hilska is a serial entrepreneur who started Flowdock (team collaboration product, acquired by Rally Software) and was the product manager of Smartly.io.
Hilska says that many software development organizations could be much more successful if they had “better visibility of their work and a systematic approach to continuous improvement.”
Swarmia integrates with development tools such as GitHub, Jira, Linear and various CI tools to âcreate a holistic view of the inner workings of engineering teamsâ.
Competitors include Pluralsight Flow (raised $ 192.5 million) and CodeClimate Velocity ($ 15 million).
However, Hilska says, âWe are the only product on the market that is actually used by the developers themselves. We don’t build features to track down individual developers, but rather focus on how the team can improve. We built the product with our pilot customers (with shared Slack channels and daily iteration) to make sure it really grows with them. Each team is different and our product adapts to these different ways of working by letting the teams define their work agreements. This leads to much better data quality, as we actually understand how teams operate, while competitors are happy to plot any incorrect data. Our Slack bot also helps teams drive behavior change when teams choose to adopt a work agreement.
Thomas Cuvelier, Partner at Alven commented: âSoftware eats the world, but software engineering, the biggest cost center of the modern organization, is still a black box. Swarmia solves a huge problem by bringing visibility to engineering work and helping executives make the right business decisions based on data rather than anecdotal evidence. What Otto and his team have accomplished so far is impressive and they are well on the way to improving the work habits of the 27 million developers around the world.