[Funding alert] Engineering Analytics Platform DevDynamics.ai Raises $600K in Funding

A platform for engineering analytics called DevDynamics.ai has raised $600,000 in its initial round of funding.

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Powerhouse Ventures served as the round's lead investor. Selected angel investors, Sunn91 Ventures, PointOne Capital, and other investors also took part in the round. The platform intends to use its most recent fundraising round to strengthen its AI capabilities.

"In just the initial months, the response we've seen has been truly overwhelming. We're seeing some transformative possibilities with AI in areas like driving engineering productivity and building alignment with business goals. In conversations with customers, they're as excited as we are about where AI can take us," said Pruthviraj Haral, founder, DevDynamics.

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The platform uses indicators that have been supported by research, such as the DORA and SPACE framework, to help engineering leaders optimize engineering operations. The tool offers actionable insights to boost developer productivity and delivery velocity by identifying bottlenecks across the software development lifecycle

"DevDynamics.ai stands out in this space, primarily because it's steered by seasoned leaders from giants like Disney, Walmart, and VWO. Their experience can be seen in the product with customers already reporting an impressive 30% increase in vital KPIs such as engineering throughput and velocity," said Kshitij Golwalkar from Powerhouse Ventures.

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DevDynamics is an engineering analytics platform created in 2022 by industry veterans Pruthviraj Haral and Rishi Saraf, of Disney and Wingify, to assist engineering leaders in realizing the full potential of their teams through the use of metrics like DORA and AI-based insights.

About DevDynamics.ai

The engineering analytics platform DevDynamics was created for data-driven software teams. DevDynamics integrates with the CI/CD pipelines, issue-tracking systems, and repositories used by your engineering team. DevDynamics gathers metadata from various technologies and then uses its internal intelligence to produce insights that assist engineering teams in delivering more quickly and enhancing their culture. You can easily measure popular DORA and SPACE metrics with DevDynamics.

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