Accel is an early and growth-stage venture capital firm that powers a global community of entrepreneurs. Accel backs entrepreneurs who have what it takes to build a business.  Accel’s vision for entrepreneurship and business enables it to identify and invest in the companies that will be responsible for the growth of next-generation industries. Accel-backed companies include Atlassian, Braintree, Cloudera, DJI, Dropbox, Dropcam, Etsy, Facebook, Flipkart, Lookout Security, MoPub, Qualtrics, Slack, Spotify, Supercell, Vox Media, and others.

Accel

Lightspeed Venture Partners is a venture capital firm that engages in consumer, enterprise, technology, and cleantech markets. It focuses on seed, early-stage, later-stage, expansion-stage, start-ups, growth companies, and incubation, and specializes in debt financing for start-ups and growth companies. Lightspeed Venture Partners invests in various sectors that include enterprise, consumer, big data, bitcoin, enterprise technology, cleantech, mobile, internet, financial technology, cloud solutions, e-commerce, storage, media, networking, energy, and software, software-as-a-service, information technology, biotechnology, and social.

Lightspeed Venture Partners

Sway Ventures is a US-based venture capital firm investing in early to mid-stage technology companies. The company invests in high performing teams, building revolutionary technology, creating the next enterprise or consumer category.

Sway Ventures

Harmony Partners is a highly differentiated venture capital firm that makes expansion stage investments in high growth software, internet and tech-enabled companies. By eliminating the typical deal constraints of traditional growth equity firms around minimum check sizes and ownership percentages, Harmony fills a gap in the market. Founded in New York City in 2010 and investing globally, our team has deployed more than $1 billion in over 100 technology companies over the past 25 years, including Anaplan, AppDynamics, Alation, Arctic Wolf, E*Trade, Iterable, Klaviyo, Maven Clinic, Natera, Postmates, Priceline, SS&C, Swiggy and UiPath. To learn more, please visit www.harmonyvp.com.

Harmony Partners

Comcast Ventures is the venture capital affiliate of Comcast Corporation and partners with extraordinary entrepreneurs building transformative consumer and enterprise companies.

Comcast Ventures

ServiceNow provides cloud-based solutions that define, structure, manage, and automate services for enterprise operations in North America, Europe, the Middle East, Africa, the Asia Pacific, and other countries. The company offers service management solutions, including incident, problem, change, request, and cost management as well as service catalogs; and IT, HR, facilities, and field service management solutions. It also provides IT operations management solutions covering service mapping, delivery, and assurance solutions; business management solutions such as financial management, project portfolio suite, vendor performance management, and performance analytics as well as governance, risk, and compliance; and application development services.

ServiceNow

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).

Atlassian

M12 - Microsoft’s venture fund, invests in early-stage enterprise software companies with a focus on AI, cloud infrastructure, cybersecurity, developer tools, vertical SaaS, and Web3/Gaming. Since 2016, M12 has invested in over 100 companies, helping startups accelerate growth with unparalleled access to Microsoft.

M12 - Microsoft's Venture Fund

01 Advisors is a venture and advisory firm helping founders go from building a product to building a company. The firm was founded in 2018 and is headquartered in San Francisco, California.

01 Advisors

Owl Rock aims to meet the distinct and underserved financing needs of middle-market companies through tailored “one-stop” financing solutions across the capital structure. Its seasoned executives’ experience in designing and funding custom solutions positions us as a desirable lending partner to middle-market companies and their sponsors. It deploys capital through Owl Rock Capital Corporation, which has elected to be treated as a business development company under the Investment Company Act of 1940, as amended. Owl Rock Capital Corporation will originate, underwrite and invest in senior secured or unsecured loans, subordinated loans or mezzanine loans and, to a lesser extent, equity-related securities and warrants. Owl Rock Capital Advisors, a SEC-registered investment adviser, manages Owl Rock Capital Corporation.

Owl Rock Capital

Founded in 2000, Northgate Capital is a global venture capital and private equity firm with investment offices in San Francisco and London, and an affiliate office in Mexico City. Collectively, the firm manages $4.8Bn in AuM and employs 50+ investment and finance professionals across its global locations. Northgate’s investment programs focus on venture capital – Fund-of-Funds and Direct – with additional programs in private equity – global small market Fund-of-Funds, Mexico growth equity and mezzanine finance.

Northgate Capital

Atlassian Ventures invests in early-stage companies focused on building apps for cloud products.  Early-stage (targeting seed rounds) startups building apps for our cloud products. We hope to include both existing ecosystem developers and new teams in this category and are excited to give them an opportunity to grow. Larger, more established product partners scaling their businesses. These investments will be made in partnership with institutional investors, and will generally target series A onwards. Existing sales channel partners looking to step up their cloud services and create new products that support the future of teamwork.

Atlassian Ventures

Split Software

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.

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.

Harness Completes Acquisition of Split Software

Harness to Acquire Split Software: A Game-Changing Move in Feature Management and Experimentation

Harness: Modern Software Delivery Company Buying Split

Tools that streamline software development

DevOps Toolchain

Azure

Split Software is collaborating with Microsoft to develop a product experimentation service integrated within Microsoft Azure.

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

A new integration with Jira Software in support of Open DevOps, an open toolchain allowing software development teams to use Atlassian products with third-party tools as a seamless, all-in-one solution.

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.

Sonar is a suite of software quality assurance tools designed to help developers produce clean, secure, and reliable code. The company's flagship product, SonarQube, is an open-source platform for continuous code quality inspection. It performs automated code reviews using static analysis to detect bugs, code smells, and security vulnerabilities across more than 30 programming languages. SonarQube integrates into the development workflow, providing real-time feedback during code reviews and enforcing quality gates to ensure only code meeting predefined standards moves forward in the pipeline.
In addition to SonarQube, Sonar offers SonarCloud, a cloud-based version of the platform, and SonarLint, an IDE extension that provides immediate feedback to developers as they write code. These tools work together to support Sonar's "Clean as You Code" methodology, which aims to maintain high code quality standards throughout the development process. Sonar's solutions go beyond simple error detection, addressing deeper issues that may be overlooked by both human reviewers and AI coding assistants. The platform offers features such as code coverage analysis, duplication detection, and maintainability metrics to provide a comprehensive view of code health.

Sonar Source

<div>
 
 Asana is a cloud-based work management platform that helps teams organize, track, and manage their work. Founded in 2009, Asana provides tools for project and task management, collaboration, and workflow optimization. The platform allows users to create projects, assign tasks, set deadlines, share files, and communicate with team members in real-time. Asana's interface offers multiple views including lists, boards, calendars, and timelines to visualize work in different formats.
 
 
 
 
 Key features of Asana include customizable workflows, automation capabilities, reporting dashboards, and goal tracking. The platform aims to reduce &quot;work about work&quot; - time spent on work coordination rather than core job functions. As of March 2023, Asana reported that knowledge workers were spending 58% of their day on work coordination tasks. To address this, Asana provides tools to streamline processes, automate routine tasks, and improve cross-functional collaboration.
 
 
 
 
 Asana offers both free and paid subscription plans. The free Basic plan includes unlimited tasks, projects, messages and file storage for up to 15 team members. Paid plans start at USD 10.99 per user per month (billed annually) and offer additional features like advanced reporting, custom fields, forms, and admin controls. Asana can be accessed via web browser or mobile apps for iOS and Android.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 Asana serves over 135,000 paying customers and millions of free users across more than 200 countries and territories. Notable enterprise customers include Amazon, Affirm, Japan Airlines, and Sky.
 
</div>

Asana

<div>
 
 GitLab is an open-source DevOps platform that provides tools for managing the entire software development lifecycle. Founded in 2011, GitLab offers a Git-based repository management system along with integrated features for continuous integration/continuous delivery (CI/CD), project management, security scanning, and more. The platform allows developers to collaborate on code, track issues, and deploy applications from a single interface. GitLab's core product is a web-based Git repository manager that includes features like issue tracking, analytics, and a wiki. With each commit or push, GitLab enables developers to trigger builds, run automated tests, and deploy code.
 
 
 
 
 GitLab differentiates itself by offering a complete DevOps solution out-of-the-box, with built-in CI/CD capabilities, whereas competitors often require third-party integrations for similar functionality. The platform supports multiple stable branches beyond the master branch, advocating for a workflow that emphasizes reliability over speed. GitLab provides tools for the entire DevOps lifecycle, from planning to monitoring, allowing teams to manage all stages of software development within a single application. As of October 2022, GitLab reported quarterly revenue of USD 113 million with 69% year-over-year growth.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 
 GitLab has gained traction among enterprise customers, with notable users including Goldman Sachs, T-Mobile, and Lockheed Martin. The platform is particularly popular in China, where a 2021 JetBrains survey found that 57% of respondents used GitLab for artifact/repository management, compared to 35% for GitHub. In March 2021, GitLab created a local Chinese company called JiHu to expand its presence in the country. GitLab has also formed partnerships to enhance its offerings, including integrations with platforms like Asana, Jira, Microsoft Teams, Slack, and Gmail. The company's focus on open-source has led to partnerships within that community, offering free enterprise plan features and up to 50,000 CI minutes for organizations or smaller teams working on open-source software.
 
</div>

GitLab

CloudBees provides a software delivery platform for enterprises, enabling them to continuously innovate and deliver software at scale. Founded in 2010, CloudBees offers a suite of products that automate and streamline the entire software development lifecycle, from continuous integration and continuous delivery (CI/CD) to release orchestration and feature management. At the core of CloudBees' offerings is CloudBees CI, built on Jenkins, the widely-used open-source automation server. CloudBees CI provides flexible, governed CI/CD capabilities for enterprises.
The company's product portfolio also includes CloudBees CD for release orchestration and automation, CloudBees Feature Management for progressive delivery and feature flagging, and CloudBees Software Delivery Automation (SDA) which combines CI, CD, release orchestration and feature management into an integrated platform. CloudBees SDA aims to connect tools and functions across development, operations and shared services teams to optimize the software delivery process. In September 2022, CloudBees acquired ReleaseIQ to expand its DevSecOps capabilities with a low-code release orchestration and visibility solution.
CloudBees' platform is designed to address the needs of modern software development organizations adopting CI/CD and DevOps practices. It provides capabilities for unified governance, visibility, security compliance, and risk mitigation in software delivery. The platform can be deployed on-premise or in major public cloud environments, offering flexibility to support diverse software portfolios including classic, client-server, containerized, web, mobile, IoT and embedded applications.

CloudBees

BigPanda is a company specializing in Artificial Intelligence for IT Operations (AIOps). Founded in 2012 by Assaf Resnick and Elik Eizenberg, BigPanda offers an AI-powered platform that helps IT Operations, Network Operations Center (NOC), and DevOps teams detect, investigate, and resolve IT incidents more efficiently. The company's core product is an Incident Intelligence and Automation Platform that leverages machine learning to correlate alert data streams from various infrastructure, applications, and services into actionable incidents.
BigPanda's platform aims to reduce the noise in IT alerts, improve the signal-to-noise ratio, and automate incident management processes. It integrates with various IT tools and systems, including ticketing systems, ITSM tools, incident response tools, and collaboration platforms. The company's Open Box Machine Learning technology enables customers to achieve high correlation rates on alert volumes, typically reducing millions of IT events to a manageable number. The company claims that its median customer realizes an 80% event noise reduction within the first eight weeks of implementation.
The platform offers features such as alert aggregation, event correlation, root cause analysis, and automated incident triage. It also provides unified analytics dashboards for end-to-end visibility of IT environments. BigPanda's solution is designed to help organizations reduce mean-time-to-resolution (MTTR) of IT incidents, improve service availability, and support digital transformation initiatives. The company operates on a Software-as-a-Service (SaaS) model, eliminating the need for on-premises installations.

BigPanda

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.

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

Platforms offer AI-based code completion and other tools to help automate testing workflows

Uses generative AI for code completion and generation features offered by certain code editors

Its platforms are available under a B2B SaaS model

Platforms to make the most of cloud infrastructure

Cloud Optimization Tools

ANALYST_QUICK_TAKE

<div>
 
 Harness, a company providing a cloud-based software delivery platform, has purchased Split Software, a firm focused on feature management and experimentation. The details of the deal were not disclosed.
 Split Software has developed a platform that facilitates the deployment of software features and allows for experimentation. This platform enables software teams to test new features, acquire data, and enhance performance. Teams can utilize Split to safely introduce new features to users, perform A/B testing, and quickly respond to the test results.
 Harness intends to incorporate Split's feature management and experimentation functionalities into its own software delivery platform. This integrated solution aims to allow software teams to construct, deploy, test, and optimize software features more efficiently and effectively.
 
</div> Analyst QuickTake: 
 This is Harness' second acquisition in 2024 and its seventh overall. In <a href="https: 
//sp-edge.com/updates/25477"> January 2024 </a> , the company acquired Armory, a continuous delivery platform company, for USD 7 million. This acquisition announcement comes just weeks after Harness secured a <a href="https: 
//www.prnewswire.com/news-releases/harness-raises-150-million-in-new-financing-302144095.html"> USD 150 million </a> debt financing round, backed by Silicon Valley Bank and Hercules Capital.

Split Software

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