Uber Alumni Engineering Analysis Startup Hatica has raised $3.7 million in a funding round led by Sequoia India and Southeast Asia’s Surge, they said on Thursday.
The San Francisco-based startup aims to increase developer productivity and well-being by helping them better understand how they spend their time with detailed engineering analytics.
“There was no objective way to understand what would be a problem,” Hatica co-founder and CEO Naomi Copra said in an interview.
Chopra and his former Uber colleague Haritabh Singh (CTO) founded Hatica in 2020. They found that developers were dealing with dozens of distractions, such as lengthy meetings and other requests for interaction, a phenomenon that has become even more prevalent at work. remote and hybrid. settings.
Hatica integrates with Git repository hosting services such as GitHub, Gitlab, and Bitbucket; communication tools including Slack, Google Meet, and Zoom; project management solutions like Asana, JIRA, and Trello; incident management offerings including OpsGenie, PagerDuty and VictorOps and CI/CD platforms such as Circle CI, Jetkins and Phabricator.
Once you get the data, Hatica offers performance metrics that aim to help developers understand their cycle time and help them with better allocation to improve their code quality and curb burnout. Insights can also help speed product deliveries and increase customer value streams.
Hatica has already onboarded many high-profile clients, including Amenify, Twitter, PayPal, Rakuten, and Okta. The startup today serves more than 20,000 developers and engineering leaders and looks to eventually reach 30 million developers worldwide. Expanding its developer reach will help the startup increase revenue as it charges companies based on the number of developers using its solution.
The startup touts providing a 50% faster cycle time, a 2.1x improvement in planning and delivery accuracy, and a 40% increase in manufacturer time, resulting in greater speed of delivery and well-being.
Hatica, which currently has a team of 22, plans to use the $3.7 million seed funding to expand its team and add new sales executives.
“We have captured a very small section of the market at the moment. So there is an opportunity to grow horizontally and vertically, which is to add more features so that we can sell our customers higher plans,” Chopra said.
The seed round also saw participation from existing investor Kae Capital and engineering leaders from Google, Uber, Twitter, Okta and Notion as angel investors.
“We have very good confidence from investors, and they are confident that we will be able to increase our next term soon. So that’s why we did a round on future valuation,” he said.
Prior to the latest round, the startup raised $900,000 from Kae Capital in a pre-seed round.
