Atlassian Ventures

Digital Toucan

Atlassian, a company providing an agile project management tool for IT projects, dubbed "Jira Software," has acquired Code Barrel, an automation developer for Jira, a low-code tool designed to streamline automation processes within Jira Software and Jira Service Desk. The acquisition aims to enhance Atlassian's offerings and improve automation capabilities within its products

Atlassian

Automation to improve business efficiency

Workflow Automation Platforms

Code Barrel

Platforms that specialize in automating functions other than the four identified segments. These include platforms that automate IT, compliance, claims processing, cybersecurity, and product development

A low-code tool for easily automating many aspects of Jira that’s also one of the most popular add-ons for Jira Software and Jira Service Desk in Atlassian’s marketplace.

By integrating Okta’s authentication technology into Atlassian cloud products –– spanning collaboration, productivity, and DevOps and IT –– organizations can give their workforces secure access to the tools they need to be successful.

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

Okta

Tools that provide comprehensive features and functionalities to safeguard cloud resources and maintain adherence to industry-specific regulations for data protection and overall security

Project Insight for Jira ingests, aggregates and level-sets estimations, durations, work and timesheets all into one central location for managers and executives.

Project Insight

Acumen

Impact Engine

Red Sea Ventures

Better Ventures

K50 Ventures

Jasmine Social Investments

Acumen America

MyVillage

Announces partnerships with leading Atlassian Marketplace vendors to support democratising automation; unveils new disruptive products and services

Adaptavist

By leveraging Zephyr and creating new integrations, SmartBear provides Atlassian users with a native Jira experience for all their development activities from defining a user story, implementing the user story, writing tests for that user story, identifying a bug, managing defects, resolving an issue, and continuing with development and testing activities through operations and production.

SmartBear

To integrate with Jira, to let users embed actual InVision prototypes right within a Jira ticket.

The tools that power remote work are define the next generation of enterprise software.

Remote Work Tools

InVision

Platforms that facilitate task delegation and tracking with board, timeline, and kanban style views.

To strengthen Confluence with added features around extended analytics and an updated editor.

Good Software

Appfire announced a new easy-to-use app, Drag and Drop Automation for Jira, that allows users to create powerful, cross-platform, code-free automations in order to do their work more quickly and efficiently.

Appfire Technologies

The service provides business leaders with additional insights into the current status of technical projects and gives them insights into the bottlenecks, risks and dependencies of these projects.

Agilecraft Oy

Innovalog, an Atlassian Platinum Top Vendor, announced the availability of the new Jira Misc Custom Fields 2.0 for Jira Server.

Innovalog

Miro is a visual collaboration platform that enables distributed teams to brainstorm, plan, and design their vision in real-time. Miro provides an online workspace, along with a virtual canvas where teams can create anything from customer journey maps to full product roadmaps. It serves over 60 million users worldwide, including 99% of Fortune 100 companies.Miro's core offering is its online digital whiteboard and virtual collaboration workspace. Its key features and capabilities are, infinite canvas; real-time collaboration tools; robust library of templates, wireframing, design sprints; mind mapping and diagramming tools; smart Meetings capabilities with voting, timers, and facilitation aids; integrations with 100+ apps like Jira, Trello, Slack, Google Drive, and moreTeams use Miro for UX design, marketing, product management, engineering, consulting, agile coaching, sales, and beyond. Its digital workspace consolidates communication and standardizes collaboration across the enterprise.In May 2024, Miro acquired Cardinal, an AI powered backlog. In November 2023, Mimro acquired Freehand, a visual collaboration platform, to build stronger products and drive better outcomes for customers.Key Partnerships and CustomersNotable Miro customers span industries like technology (Cisco, VMware, Okta), consulting (Accenture, Deloitte), consumer products (Walmart), and automotive (Volvo).&nbsp;In June 2023, Miro partnered with Indeed to transform the ways job seekers showcase their skills. And in January 2022, Miro partnered with Avocor, an interactive display and video conferencing company, to explore the joint development of an optimized user experience on Avocor DevicesFunding and financialsIn <a href="https://sp-edge.com/updates/7595">January 2022</a>, Miro raised USD 400 million in a Series C funding round with contributions from ICONIQ Growth, Accel, Atlassian, Dragoneer, GIC, Salesforce Ventures, and TCV, with additional investments from a group of executives from Airtable, Snowflake, and Docusign. The fresh funds were allocated for product development, expanding its global reach, and potential M&amp;A opportunities.

Spinach is a productivity enhancement tool for virtual stand-up meetings. The tool, which integrates with video conferencing platforms, can be used to run the meeting agenda, and capture and distribute meeting action items. As of August 2022, the company planned to expand its product to facilitate other types of engineering meetings (currently only supports stand-ups) and integrate with additional platforms such as ClickUp, Asana, Monday.com, Figma, Notion, and GitHub over time. As of August 2022 it integrates with Zoom, Jira, Slack, Google Meet, and Microsoft Teams.Key customers and partnershipsAs of August 2022, Spinach has over 100 users including companies such Wix, Fiverr, and Rappi.Funding and financialsIn <a href="https://sp-edge.com/updates/12041">August 2022 </a>Spinach raised USD 1.8 million in a seed funding round led by Atlassian Ventures. The fresh funds were used for the public launch of the platform and were further earmarked for product expansion. This follows its pre-seed round in <a href="https://sp-edge.com/updates/5286">September 2021 </a>where it raised USD 2.75 million.

Figma is a cloud-based collaborative design platform that allows teams to work together on a virtual canvas to visualize and create new projects in real time. It offers a range of features, including sticky notes, emojis and drawing tools, pre-built lines and connectors, and cursor chats. In addition, Figma products include voice chat, which means users do not need to log in to Zoom or Google Meet while using Figma. Figma caters to individual designers, small firms, and enterprises with 80% of its users outside the US (December 2019). The platform focused on providing an end-to-end to separate itself from peers by adding more features to its platform or growing inorganically. The company reported that it has seen its user profile expand from design teams to usage across entire organizations (outside design teams) during the Covid-19 pandemic.The company launched a whiteboard tool for flowcharts and brainstorming called FigJam ( <a href="https://sp-edge.com/updates/948">April 2021 </a>) which caters to non-design users. In October 2021, FigJam introduced plugins and widgets, enabling users to customize their spaces with productivity, note-taking, and data visualization tools. It also introduced “Open Sessions”, allowing companies to invite external parties to their sessions for 24 hours, without an account.Figma operates a subscription-based business model which includes a freemium plan and paid plans ranging between USD 12 to USD 45 per user per month. FigJam is also available on a freemium basis and paid plans were reduced (October 2021), ranging between USD 3 to USD 5 per user per month.In June 2023, Figma acquired <a href="https://sp-edge.com/companies/2052671">Diagram</a>, an AI-powered design platform, to enhance its tools with advanced AI features, offering users expanded design capabilities.In <a href="https://sp-edge.com/updates?industryIds=10">July 2024</a>, Figma had temporarily disabled its AI-powered ‘Make Design’ feature following claims that it plagiarized Apple's Weather app.In <a href="https://sp-edge.com/updates/13107">September 2022</a>, Adobe entered into an agreement to acquire Figma for USD 20 billion. However, by December 2023 the firms abandoned the deal due to the failure to overcome regulatory clearances and other concerns.

Tools that streamline software development

DevOps Toolchain

Split Software is a feature management and experimentation provider that offers solutions to help development teams control and innovate their software releases. The company's Feature Data Platform enables teams to set up feature flags, safely deploy to production, and control feature visibility. Split's platform connects every flag to contextual data, allowing teams to assess feature performance and react quickly to issues. It also facilitates feature experiments such as A/B tests without slowing down the development process. Split's technology aims to give development teams the confidence to accelerate with control and the freedom to innovate with ease. The company's solutions support various aspects of the software development lifecycle, including building, deploying, and releasing software while running experiments to measure feature adoption. Split's customer base includes enterprises such as Comcast, SAP, Rocket Mortgage, and Salesforce. In June 2024, Split Software was acquired by Harness, a move that aimed to create a more comprehensive software delivery platform.
Key customers and partnerships
Split Software's key customers include major enterprises such as Comcast, SAP, Rocket Mortgage, and Salesforce. The company has also partnered with Harness, leading to its acquisition in June 2024. This partnership aims to integrate Split's feature management and experimentation capabilities into Harness's software delivery platform, providing a more comprehensive solution for software development teams.

Figma is a design platform for teams who build products together. Born in the browser, Figma helps the entire product team create, test, and ship better designs, faster. Whether the company tries to consolidate tools, get more eyes on your work, or collaborate across time zones, Figma boosts creative productivity while keeping everyone on the same page. On a mission to make design accessible to all, Figma is helping companies like Airbnb, Slack, and Microsoft redesign how they design.

Plerion is a complete cloud security platform. We identify and prioritise the 1% of risks that matter so you can spend your time and money where it's needed most.

According to Gartner research, 80% of project management tasks will be run by AI by 2030, Spinach.io is making that a reality today. Backed by Y Combinator, Zoom and Atlassian, Spinach is the AI Project Manager for  development teams. A virtual team member that plugs into your existing tools like Zoom, Jira, Slack and Notion, joins your meetings, takes actionable notes and automates tasks based on the conversation.

Liveblocks is a set of APIs and tools that allow users to quickly create performant and reliable multiplayer experiences. It directly integrates with popular frameworks and state management libraries, making it simple to transform an existing product into a real-time collaborative experience. Liveblocks first launched in 2021.

Miro is an online, visual collaboration platform designed to unlock creativity and accelerate innovation among teams of all kinds. The platform’s infinite canvas enables teams to lead engaging workshops and meetings, design products, brainstorm ideas, and more. Miro, co-headquartered in San Francisco and Amsterdam, serves more than 50M users worldwide, including 99% of the Fortune 100. Miro was founded in 2011 and currently has more than 1,500 employees in 12 hubs around the world.

Split Software is a feature delivery platform that builds better software for engineering teams to build impactful products. Its feature delivery platform pairs the speed and reliability of feature flags with data to measure the impact of every feature. Engineering teams at Twilio, Salesforce, and WePay use Split to reduce software development cycle time, mitigate release risk, and create a data-driven culture to maximize impact.  Founded in 2015, Split is based in Redwood City, California with offices in Boston and Argentina. It is backed by Lightspeed Venture Partners, Accel Partners, and Harmony Partners.

Process Street is a SaaS platform that lets non-technical teams create powerful, no code workflows. It provides an easy way to document, track, automate, and optimize human-centric processes. Process Street was founded in 2014 and is based in San Francisco, California.

MyVillage is an early child development start-up building a childcare system that works for parents, care providers, and most importantly their children. It is doing this by establishing a high-quality, nationally standardized family home childcare network. The company providing outstanding education in nurturing homes for children ages 0-5. They reinventing home-based care, bringing families and educators together to provide outstanding education in nurturing homes.  MyVillage was founded in 2017 and is headquartered in Bozeman, Montana, United States.

Today, more than 9 million people across global enterprises and small teams come to us when they are looking to transform the way they work together. The heart of InVision is Freehand, our online digital whiteboard. Freehand is a collaborative canvas for all the work you do. We designed it to be simple and intuitive, clearing away all the confusing clutter and giving teams the right ingredients to accomplish their specific goals. Teams use Freehand to brainstorm, create, test, and develop new ideas; unify and connect team members across disciplines and distances; and improve workflows, maintain a single source of truth, and more efficiently make actionable decisions. Our platform allows teams to collaborate at any point with stakeholders, giving individuals the visibility and know-how they require to drive work forward. InVision customers include 100% of the Fortune 100, and organizations including American Express, Adidas, Boeing, Ford Motor, Netflix, HBO, Ikea, Slack and Virgin Atlantic.

Percent is the API-first fintech powering purpose worldwide.

Cloud9 IDE is a cloud-based Integrated Development Environment that allows web and mobile developers to collaborate in remote teams. It provides an online platform for Javascript and Node.js applications while supporting HTML, CSS, PHP, Java, Ruby, and many more additional programming languages.  As it offers a development environment in the cloud, the developers has the ability to start cording immediately and collaborate with their peers. Cloud9 IDE’s primary objective is to expose the benefits of writing software in the cloud. Its growing team includes some of the best developers from Europe and California.   Founded in 2010 and based in San Francisco, C.A, Cloud9 IDE is a privately held company backed by [Accel](http://www.crunchbase.com/organization/accel-partners) and [Atlassian](http://www.crunchbase.com/organization/atlassian).

Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store).

<div> Atlassian Corporation (NASDAQ: TEAM) is an Australian software provider headquartered in the US. The company primarily develops SaaS-based collaboration and project management tools for B2B customers. Atlassian has been listed on the Nasdaq since 2015. It caters to more than 250,000 commercial users (June 2023) and generated revenue of USD 2.8 billion in FY2022 (year ending June 30).&nbsp; Atlassian offers a comprehensive suite of products that cater to diverse teams and workflows, spanning project management, collaboration, service management, software development, and enterprise security. The company&rsquo;s key products include Jira Software (project management for software development), Jira Work Management (project management for non-technical teams), Confluence (team collaboration), Jira Service Managemen t (IT and operations service management), Trello (visual project management), Jira Align (strategic business alignment), Bitbucket (Git repository management), Atlassian Acces s (enterprise security and management), Jira Product Discovery (product management). The Americas accounted for ~50% of Atlassian's total revenue in FY2022, followed by Europe, the Middle East and Africa (~38%), and Asia Pacific (~11%). Atlassian is committed to achieving net-zero emissions by 2040. </div>

Piper Sandler has 'highest convictions' on Atlassian, CyberArk into Q3 results

Platforms that provide virtual workspaces using spatial technology to combine a variety of productivity and collaboration tools in a single space.

Platforms that provide standalone presentation software, prototyping and web development software, templates, and design workspaces.

Platforms that provide standalone video communication tools and complementary products such as interactive interfaces, presentation features, and transcription software.

Platforms that offer chat and email-based collaborative tools.

Platforms that automate accounting and finance operations such as accounts receivable, reconciliation, transaction matching, financial close management, and intercompany financial management

Software to streamline and automate sales, marketing, and customer relationship management processes, such as qualifying leads, renewal, sales forecasts, pipeline tracking, and identifying overdue closing dates

Platforms that govern repetitive HR and admin processes such as recruitment management, employee onboarding, surveys, HRIS records, and assigning buddies

Platforms to automate operational workflows such as task monitoring and flows, streamlining facility requests, and supply chain management

Platforms that offer a range of workflow automation and RPA bots that are not specifically targeted at any business function

Companies which utilize GenAI as a core part of their product offering for workflow automation

Platforms that help companies with software development workflows such as analyzing requirements, planning development schedules, and building roadmaps.

Desktop and web applications for writing code, which also offer features for intelligent auto-complete and code generation capabilities using AI. This segment also include platforms that provide tools for version control and hosting code.

Platforms to automate software deployment into production environments that are hosted either on-premise or on the cloud, along with feature management capabilities that help developers control the availability of features in an application.

Platforms for developers to monitor running software and track processes; helping identify crashes and errors and resolve them.

Platforms to test and debug software, which also feature AI-based tools to automate testing workflows.

Companies that use GenAI as a core part of their product offering for DevOps

Harnessing tech to provide exceptional customer experiences

Customer Service Platforms

Platforms offering centralized customer interaction and support services via phone, email, live chat, or social media

Platforms that gather feedback from various channels, such as surveys, reviews, and social media,  to gain insights, identify trends, and make data-driven decisions to improve customer experiences

Platforms that offer a centralized repository for organizing information, resources, and documentation, allowing users to access relevant self-service resources related to a specific subject or domain

Platforms for managing customer inquiries, complaints, and technical issues by streamlining ticketing, facilitating communication, and tracking request status

Platforms that enable real-time communication between customers and support agents by offering chat interfaces, file-sharing capabilities, and visitor monitoring

Platforms that provide a comprehensive software solution that consolidates various tools and functionalities, including ticketing, case management, knowledge base, live chat, social media management, self-service options, and analytics

Companies that use GenAI as a core part of their product offering for customer service

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 Atlassian has announced the acquisition of Rewatch, a platform specializing in AI-driven virtual meetings. Plans are underway to integrate Rewatch's technology with Loom, another Atlassian product focusing on asynchronous video communication. 
 The integration aims to introduce innovative, AI-driven aspects to virtual meetings. An automated, AI-powered meeting assistant is expected as part of these developments, capable of recording meetings, transcribing detailed notes, identifying key action items, and sending follow-up information to all attendees. The assistant will be compatible with other mainstream platforms like Zoom, Microsoft Teams, and Google Meet. The assistant's functions will include generating personalized meeting notes, creating and assigning tasks, along with providing thorough transcriptions with the option to translate into over 50 languages.
 Atlassian believes that this integration will foster better visibility and knowledge sharing within organizational structures. Among the anticipated new features are options allowing users to synchronize Loom with their Google or Outlook Calendar, schedule automated recordings of meetings, and set up automatic sharing of and access to recordings based on meeting attendees. These features are projected to be made available in the next few business quarters.
 
</div>

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