Uplevel plans to use the funding to hire more employees and invest in product development. Here are the top-line bullets you need to know.
Uplevel, a provider of developer effectiveness and productivity measurement software, has raised $20M in a Series A. The round drew participation from Cota Capital, Madrona Venture Group, Norwest Venture Partners, and Voyager Capital, among others.
HOW’S THE COMPANY PERFORMING?
- Washington-based Uplevel helps engineering teams pull data from across software tools in order to analyze the effectiveness of their developers.
- Uplevel’s revenue and customer base both doubled in 2021. Some of its clients include Twilio, Nutanix, and Qualtrics.
- The startup is supported by a team of 36 employees and is headquartered in Seattle, Washington.
Source: Uplevel
WHY DOES THE MARKET MATTER?
- The global productivity measurement software market is expected to reach a value of $149.7B by 2030, growing at a CAGR of 13.8%, according to Grand View Research.
- Organizations have increasingly turned to productivity measurement software, particularly amid the pandemic, to monitor and enhance the efficiency of their hybrid and/or remote employees.
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