LinearB raised a $50 million Series B round led by Tribe Capital. Existing investors and a new investor, as well as new investors, participated in this round of funding.
The company says it grew its user base from 1,500 to over 5,000. Among its users are Bumble, BigID, Cloudinary, Unbabel and Drata.
One of LinearB's most important promises is that it goes beyond simply giving engineering managers access to more dashboards about developer efficiency. LinearB wants to give them more insight into how they can improve the development process. It uses existing tools to aggregate data about how teams work. When things go off the rails, it tracks metrics like cycle time and deployment frequency.
LinearB is the image credit.
That data is at the core of what LinearB does and provides something akin to a baseline for developer productivity in a given company. From there, users can dig deeper to see if there are any issues in their workflows or if team members have too much on their plate.
LinearB helps teams set their own goals so they can track their own progress, and also helps them automate routine tasks, like creating Jira tickets, because nobody enjoys managing them.
Ori Keren, CEO and co-founder of LinearB, told me that the focus on providing value for everybody from the VP of Engineering down to the individual developer is a core tenet of the service. When they started building the service, they had in mind the user persona that both he and Dan Lines had previously worked in.
Keren told me that they had some early success with that, but decided to change course in order to provide the most value for their customers. If we want to be a successful company, we have to have something for every persona in the engineering.
A lot of companies saw the need to accelerate their own projects around the time of the COVID epidemic, and that's something the team learned in early 2020. Developers don't care much about the cost of their projects, but both draw from the same data.
During the first 120 days of use, the company says its users are seeing deployment speeds increase by 64%.
The funding will be used to expand across the company's development teams but also to expand its go-to-market efforts. Keren said that the team is doubling down on its tools.