Jellyfish

Jellyfish allows engineering managers to align engineering work with business objectives. By analyzing “engineering signals and business data” generated by developer tools, the platform offers insight into the tasks carried out, time spent, and operations. Jellyfish measures and analyzes companies’ spending on product innovation, technical debt, and metrics pulled from roadmap tools, calendars, HR systems, and other sources, to display the business impact of engineering investments, enabling teams to focus on high-value operations and products. 

In February 2024, the company launched JellyFish DevEx to uncover challenges in engineering team workflows. Previously in October 2022, the company launched JellyFish DevFinOps which builds upon Jellyfish’s data models to aid enterprises categorize and capitalize software development costs.

The company claims that its users, on average, have focused 32% more on revenue-maximizing work and have reduced development cycle time by 21%. The company has integrated with developers and business tools, including GitHub, GitLab, Jira, Confluence, Bitbucket, Aha, and Google Sheets, to monitor activities and the time spent.  

Key customers and partnerships

Some of its customers include New Relic, SessionM (a Mastercard corporation), Medium, and Toast. The company reports that its platform benefitted from the Covid-19-led migration to remote work. 

Funding and financials

In February 2022, Jellyfish raised USD 71 million in a Series C funding round led by Accel, Insight Partners, and Tiger Global. The funds were earmarked to expand Jellyfish’s operations and reach. Further, the company’s revenue tripled in 2021, and its headcount increased to 150 from 20 employees two years ago. 

Forbes estimated that the company’s revenue was USD 13 million in 2022, and pinned it to be a future unicorn. 

Key competitors: None under coverage. (The company’s platform  geared solely towards engineering teams).