Uber Alms’ engineering analytics startup Hatika has raised $3.7 million in a funding round led by Sequoia India and Southeast Asia Surge, it said on Thursday.
The San Francisco-headquartered startup aims to increase developers’ productivity and security by helping them better spend their time on detailed engineering analyses.
“There was no realistic way to understand what the problem would be,” Hatika founder and CEO Naomi Kopra said in an interview.
Chopra and former Uber colleague Haritabh Singh (CTO) founded Hatika in 2020. Developers have found that they are contending with many distractions such as long meetings and other communication demands, a phenomenon that has become more prevalent in remote and hybrid work. settings.
Hatica integrates with Git repository hosting services like GitHub, Gitlab, and Bitbucket; Communication tools including Slack, Google Meet and Zoom; project management solutions such as Asana, JIRA and Trello; Event management offerings include OpsGenie, PagerDuty, and VictorOps, and CI/CD platforms such as Circle CI, Jetkins, and Phabricator.
Once it has the data, Hatika provides targeted performance metrics to help developers understand their cycle times and better allocation to improve the quality of their code and prevent burnout. The insights help accelerate product offerings and increase customer value streams.
Hatika has already secured many high-profile clients, including AminFi, Twitter, PayPal, Rakuten and Octan. The startup today serves more than 20,000 developers and engineering leaders and is looking to eventually reach 30 million developers worldwide. Expanding its developer reach will help boost revenue as the startup charges companies based on the number of developers using the solution.
The startup claims 50% faster cycle times, a 2.1x improvement in planning and delivery accuracy, and a 40% increase in operator time – resulting in improved delivery speed and security.
Hatika, which currently has a team of 22 people, plans to raise $3.7 million in seed funding to expand the team and add new sales executives.
“We have taken a very small part of the market now. So, there is an opportunity to grow horizontally and vertically, which is to add more features so that we can entice our customers to higher plans,” said Chopra.
Existing investor K Capital and engineering leaders from Google, Uber, Twitter, Okta and Notion participated as angel investors in the seed round.
“We have very good investor confidence and they are confident that we will be able to raise the next term of operations very soon. That is why we have done a round of future valuations,” he said.
Before the final round, the startup raised $900,000 from Kai Capital in a pre-seed round.
