Total amount raised
$70.6 Million
Latest funding date
05/01/2022
Location
LinearB has successfully raised significant funding over multiple rounds, positioning itself as a key player in the engineering productivity space. The platform offers comprehensive solutions designed to enhance visibility and control over engineering operations.
Keep reading to explore the intricacies of LinearB's fundraising journey and the investors backing this innovative platform.
What Is LinearB?
LinearB is a platform dedicated to enhancing engineering productivity by providing visibility and control over developer experience, AI, data, and workflows. It offers a range of features including AI & workflow governance, software engineering intelligence, and developer experience management.
Designed for both small teams and large enterprises, LinearB integrates with existing tools to deliver actionable insights that improve team performance and reduce manual tasks. The platform is known for its robust security features and scalable solutions.
How Much Funding Has LinearB Raised?
- Seed Round
- Amount Raised: $1.6M
- Date: January 2019
- Lead Investors: Ariel Maislos
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of LinearB's platform and establish initial operations.
- Seed Round
- Amount Raised: $3M
- Date: November 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Series A
- Amount Raised: $16M
- Date: March 2021
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $50M
- Date: May 2022
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team, accelerate platform development, and enter new markets.
Total Amount Raised: $70.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Tribe Capital
- Details: Tribe Capital led the $50 million Series B funding round for LinearB. Sri Pangulur, a partner at Tribe Capital, will join LinearB's board.
- Investment Focus Areas: Technology, software companies, engineering efficiency platforms.
- Notable Investments: Not specifically mentioned.
- Salesforce Ventures
- Details: Salesforce Ventures participated in LinearB's Series B funding round. They are known for investing in companies that align with Salesforce's ecosystem.
- Investment Focus Areas: Enterprise software, cloud computing, technology.
- Notable Investments: Zoom, DocuSign, Snowflake.
- Battery Ventures
- Details: Battery Ventures is an existing investor in LinearB and participated in the Series B funding round. They are known for investing in technology and innovation-driven companies.
- Investment Focus Areas: Technology, software, innovation-driven companies.
- Notable Investments: Nutanix, Coupa, Glassdoor.
- 83North
- Details: 83North is an existing investor in LinearB and participated in the Series B funding round. They focus on technology companies with high growth potential.
- Investment Focus Areas: Technology, software, internet sectors.
- Notable Investments: Waze, iZettle, Just Eat.
- Ariel Maislos
- Details: Ariel Maislos was a key investor in LinearB's initial seed round. He is known for his involvement in the tech industry.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for LinearB?
LinearB stands at the cusp of significant opportunities, driven by its recent $50 million Series B funding. The company plans to expand its platform's reach, scale its engineering team, and enter new markets globally. With a customer base that has grown from 1,500 to over 5,000 development teams, the potential for further growth is immense.
Future fundraising opportunities seem promising as LinearB continues to demonstrate substantial growth and efficiency improvements. The company may attract additional investments to support its expansion and innovation efforts. However, challenges such as managing rapid growth, staying ahead of competitors, and ensuring continuous platform innovation will need to be navigated carefully.
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