Insightly AI secures funding round to address solve developer productivity and burnout | News Direct

Insightly AI secures funding round to address solve developer productivity and burnout

News release by Insightly Analytics

facebook icon linkedin icon twitter icon pinterest icon email icon San Francisco, US | July 26, 2022 07:00 AM Eastern Daylight Time

Businesses around the world have been grappling with worker productivity to drive greater performance and success for everyone. With a sharp focus on developers and engineering teams, Insightly Analytics a software development analytics platform is announcing a $1m seed funding round led by Together Fund as it seeks to help engineering leaders build better teams and ship software faster.

Started in 2022, Insightly is used by CTOs and Engineering VPs, who collectively lead over 12,000 engineers across four continents with teams in the US, India, Kenya, and Israel. These teams use Insightly to gain org-level visibility into critical metrics like DORA and more that can help them augment gut decisions with data.

Insightly team is helping engineering leaders build better teams and to ship software faster
Insightly team is helping engineering leaders build better teams and to ship software faster

A staggering $300 billion annually is wasted globally in software development inefficiency and yet over 96% of the technology leaders said that improving engineering productivity is their top priority (1). So what’s missing? Most engineering leaders don't have access to the data and insights necessary to identify root causes of critical problems like slower release cycles, missed deadlines, and high engineer attrition rates, hindering their goals of improving engineering efficiency.

To solve these problems, Insightly provides dashboards and analytics that enable engineering teams to reduce the time between stages of software development, surface bottlenecks causing delays, and gain visibility into workload distribution, thus equipping companies to build elite teams and increase business performance.

Dashboard: The Cockpit view from Insightly provides a bird's eye view of important metrics for engineering leaders
Dashboard: The Cockpit view from Insightly provides a bird's eye view of important metrics for engineering leaders

Today, engineering leaders try to assess productivity with analytics from Git and JIRA, but these processes are manual and time consuming, with data spread across dozens of Excel sheets. Insightly automates the process of pulling and aggregating data and building analytical dashboards to speed up software development, surfacing bottlenecks, and provide visibility into workload distribution. This helps companies build elite teams and increase business performance. And the entire integration process takes five minutes and zero code, pulling three months of historical data for immediate customer value.

Insightly Analytics founder and CEO, Sudheer Bandaru
Insightly Analytics founder and CEO, Sudheer Bandaru

Software excellence fuels business performance research has shown (2). Indeed, engineering teams in the top quartile deliver 4 to 5 times the revenue compared to an engineering team in the lower quartile. Sudheer Bandaru, Founder & CEO of Insightly commented: "In today's world, every company is a software company, and the speed and quality of software delivery heavily defines an organization's success. Insightly empowers companies to efficiently leverage engineering bandwidth and ship products faster with analytical dashboards and actionable insights."

"The platform is very customizable by company size. Today our customers range from 50-member engineering teams to multi-billion-dollar organizations having 800+ engineers. We are in discussions with a few publicly listed companies interested in piloting with Insightly, cementing our belief in the mission”.

The Insightly seed funding round included participation from founders at scaleup tech businesses including Freshworks, Postman, Ola, and Haptik AI as well as engineering & product leaders from Notion, GitLab, Square, Google, Amazon, and other notable angels.

Girish Mathrubootham, Co-Founder of Together Fund, commented: “Engineering efficiency is one of the biggest factors for business performance in today’s world. Enabling engineering teams with actionable insights to help them identify and fix bottlenecks will be crucial with tools like Insightly Analytics.”

With this fundraising, Insightly aims to expand its product, engineering, and marketing teams, to execute its roadmap driven by the growing modern engineering community that's becoming data-driven.

Insightly has announced a free forever plan for teams of less than twelve engineers and provides personalized onboarding services and custom-curated actionable insights for larger engineering teams.

 

About Insightly Analytics

Insightly Analytics (insightly.ai) is a B2B SaaS platform that provides dashboards and insights based on data from Git & JIRA to build efficient engineering teams. These analytics help engineering teams reduce release time, optimize team bandwidth, and align engineering efforts with business outcomes. Companies can sign up with a five-minute no-code integration to access these analytics for the last three months as part of their free trial.

 

Contact Details

 

Insightly Analytics

 

Bilal Mahmood

 

+44 7714 007257

 

b.mahmood@stockwoodstrategy.com

 

Company Website

 

https://www.insightly.ai/