Allstacks

Allstacks is a company that participated in the Class 118 - Austin 2018 Q1 cohort of Techstars and raised an estimated $100,000.

Allstacks, a leading value stream intelligence platform, has announced the successful completion of its Series A funding round, raising $10 million. This funding round, a significant milestone for the company, underscores the growing importance of tools that help organizations measure and improve their software development processes. The round was led by Companyon Ventures, with participation from Atlassian Ventures and CreativeCo. This funding aims to accelerate Allstacks' growth, expand its product offerings, and enhance its ability to serve its growing customer base.

Founded in 2017, Allstacks has made a name for itself in the software industry by providing a comprehensive platform that leverages machine learning and predictive analytics to give organizations a clear view of their software delivery performance. The platform integrates data from various tools used in the software development lifecycle, providing insights that help teams make better decisions, identify bottlenecks, and improve overall efficiency. By focusing on value stream intelligence, Allstacks helps companies align their software development efforts with business outcomes, ensuring that resources are effectively utilized and projects are delivered on time.

The $10 million raised in this Series A round will be used to accelerate product development and expand Allstacks' go-to-market efforts. Specifically, the company plans to enhance its platform’s capabilities, making it even more valuable to customers. The funds will also be used to grow the Allstacks team, particularly in engineering, sales, and customer support, to ensure that the company can meet the increasing demand for its products.

In the press release, Hersh Tapadia, CEO and co-founder of Allstacks, expressed his enthusiasm about the funding, stating that the investment will allow the company to continue its mission of helping organizations build better software faster. He highlighted the importance of providing teams with the tools they need to understand and improve their workflows, noting that Allstacks’ platform is uniquely positioned to deliver these insights.

Companyon Ventures, the lead investor in this round, has a history of supporting companies that are driving innovation in their respective industries. In a statement, the firm emphasized its confidence in Allstacks’ vision and leadership, citing the company's strong track record and the growing market demand for value stream intelligence solutions. The involvement of Atlassian Ventures further validates Allstacks’ approach, as Atlassian is a major player in the software development tools space, with products like Jira and Confluence being widely used by development teams around the world.

CreativeCo, another participant in the funding round, also expressed its support for Allstacks, noting the company’s potential to transform how organizations manage and optimize their software delivery processes. The firm pointed out that Allstacks' platform addresses a critical need in the market, providing actionable insights that help teams improve efficiency and achieve better outcomes.

In conclusion, the $10 million Series A funding round marks a significant step forward for Allstacks as it continues to expand its platform and grow its presence in the software industry. With the backing of prominent investors like Companyon Ventures, Atlassian Ventures, and CreativeCo, Allstacks is well-positioned to capitalize on the increasing demand for value stream intelligence solutions, helping organizations around the world improve their software development processes and achieve their business goals.