Propelo raised $12 million in Series A funding
The number of DevOps tools has grown exponentially over the past few years, and the amount of data these tools can generate helps organizations improve their software development processes. But most of the time, this data is just a piecemeal analysis of dashboards. Propelo(formerly known as LevelOps) wants to bring order to this mess and is aiming to build an "ai-driven engineering platform of excellence" that combines a set of machine-learn-driven analytics services with code-free robotic processes automation (RPA) tools to help users turn these data points into something.
The company announced today that it has raised $12 million in Series A funding led by Decbel Partners. Fike Ventures, Eniac Ventures, and Fathom Capital also participated in the round.
Propelo founder and CEO Nishant Doshi previously co-founded SaaS security services company CirroSecure, which was acquired by Palo Alto Networks in 2015. After that, he spent a few years in Palo Alto, where he experienced firsthand the explosion of DevOps tools as a senior director and vice president of engineering. To better understand the development process, the team had to pull together data from Jira, GitHub, Salesforce, and more. "It's very manual and very resource-intensive," he said. "Instead of focusing on the core of your business, you start piecing together a solution -- there's always a tool.
Even if you have these tools, you don't know what to measure. You won't get the kind of progress that comes with a specially designed solution like ours, and more importantly, you won't have operability." Doshi emphasizes that it's this last part that ends the cycle. After all, it's one thing to have good data and analytical insight, but if there's a disconnect between that information and the actual actions that can be taken based on it, it won't help your development process. Using Propelo's RPA tool, users -- which, the company notes, caters primarily to users in the engineering lead stack -- can easily automate many tasks and workflows to improve DevOps processes in their business.
The service currently integrates with about 40 DevOps tools such as Jira, GitHub, GitLab, Jenkins, Gerrit, and TestRails. Using artificial intelligence, Propelo can help users spot hidden bottlenecks or predict when a sprint is likely to fail -- difficult because developers tend not to move tasks from "in progress" to "done." Data hygiene -- and updating Jira tickets -- isn't something most developers want to think about, so Propelo can push them to do it regularly.
Propelo's current customers include Broadcom and CDK Global. "Propelo gives us data-driven insights on how to reduce DevOps friction and waste actions at the level of each Scrum team. This helps us maximize the efficiency of our additional engineering investment and eliminates pain points for our engineers, "said Joe Chen, Broadcom vice president of engineering, Security Technology. and Endpoint Solutions.