Total amount raised
$70.6 Millions
Latest funding date
Location
LinearB has successfully raised significant funding over multiple rounds, positioning itself as a key player in the engineering productivity space. The platform offers a comprehensive suite of tools designed to enhance software development workflows and improve overall team efficiency.
Keep reading to explore the intricacies of LinearB's fundraising journey and the investors backing this innovative platform.
What Is LinearB?
LinearB is a company that provides an engineering productivity platform designed to enhance developer experience and streamline workflows through AI, data, and workflow automation. The platform offers full visibility and control over engineering operations, including features like AI & Workflow Governance, Software Engineering Intelligence, and various automation tools to improve productivity and reduce manual tasks.
Unfortunately, the founding year, location, names of the founders, and the number of employees are not mentioned on the company website. Additionally, the Crunchbase URL provided does not contain any specific information about LinearB as it is a security verification page.
Despite the lack of detailed background information, LinearB's focus on improving engineering productivity through advanced tools and automation makes it a significant player in the tech industry.
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 their engineering productivity 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 their platform and expand their 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 their operations and enhance their product offerings.
- Series B
- Amount Raised: $50M
- Date: May 2022
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale internal teams across engineering, customer success, sales, and marketing, and to expand into new markets worldwide.
Total Amount Raised: $70.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on identifying and investing in promising technology companies. Sri Pangulur, a partner at Tribe Capital, will join LinearB's board.
- Investment Focus Areas: Technology, innovation, growth potential
- Notable Investments: Carta, Bolt, Relativity Space
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies that extend the power of the Salesforce platform. They joined as a new investor in LinearB's Series B round.
- Investment Focus Areas: Enterprise cloud, SaaS, platform extensions
- Notable Investments: Zoom, DocuSign, Twilio
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that invests in companies across all stages, from seed to growth and buyouts. They are an existing investor in LinearB.
- Investment Focus Areas: Technology, innovation, various stages
- Notable Investments: Nutanix, Coupa, Glassdoor
- 83North
- Details: 83North is a global venture capital firm that invests in European and Israeli technology companies. They are an existing investor in LinearB.
- Investment Focus Areas: European tech, Israeli tech, innovation
- Notable Investments: Waze, iZettle, Just Eat
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 team across engineering, customer success, sales, and marketing, while also entering new markets globally. This expansion is fueled by a growing customer base, which has surged from 1,500 to over 5,000 development teams, indicating a strong market demand for their platform.
Future fundraising opportunities seem promising, given the rapid growth and successful funding rounds. LinearB's focus on enhancing its platform to provide more comprehensive analytics and management tools positions it well for attracting further investments. However, the company may face challenges such as competition from other analytics and management tool providers, maintaining platform quality, and ensuring successful market entry in new regions.
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