Software developer intelligence platform LinearB Inc. said today it has closed on a new $50 million round of funding that brings its total amount raised to date to $71 million.
The Series B round was led by Tribe Capital, which was joined by new investor Salesforce Ventures as well as existing backers Battery Ventures and 83North.
LinearB is the creator of a developer efficiency platform that provides engineering analytics and workflow optimization capabilities to help developers get more work done faster. The platform works by correlating data from existing project management, Git, deployment and incident management tools to create workflow metrics that developers can use to optimize software development processes.
Of course, those metrics aren’t very useful by themselves, which is why LinearB has also created its WorkerB tool to help users to identify areas in which they can automate software development processes.
The net result is that developers can be more productive. Shuki Levy, a team lead at the developer security platform Jit.Inc and a LinearB user, said that’s the key attraction.
“LinearB automates my non-coding workflows so I have more time to do what I love, build new features,” he said. “WorkerB has also sped up collaboration between developers to get our code merged faster.”
LinearB claims that engineering organizations using its platform boost the speed at which they deploy new software by an average of 64%. That has helped LinearB to improve sales by five times since 2021, with its user base growing from just 1,500 development teams a year ago to more than 5,000 now.
Alex Kayyal of Salesforce Ventures said LinearB’s analytics-based approach is the only sustainable way to improve engineering efficiency. “LinearB’s developer-first automation gives every dev team the ability to improve autonomously, without manager involvement,” he said.
Constellation Research Inc. analyst Holger Mueller said platforms such as LinearB are getting a lot of attention from companies because there will never be enough developers in the world to build all of the applications that enterprises require.
“For that reason it is all about increasing the efficiency and effectiveness of the developers they do have, with the goal being to accelerate developer velocity,” Mueller said. “That is never achieved through single tools and measures, but rather a holistic approach. So it’s good to see startups like LinearB going after this market.”
With $50 million now in the bank, LinearB said it will spend this money to scale its own engineering team and accelerate the development of its developer efficiency platform. It will also build out its customer success, sales and marketing teams in pursuit of new growth.
LinearB co-founder and Chief Executive Ori Keren said today’s round proves that investors recognize the potential of the company’s developer-first approach to engineering efficiency.
“If you’re excited about cutting-edge developer tech, we invite you to join us,” Keren said. “We’re looking for talented individuals around the world — software engineers and customer success, sales and marketing experts — who want to create a category-defining platform.”