The worldwide marketplace for software program improvement instruments is estimated to be price $5 trillion in 2022, rising to greater than $11 trillion for 2028, in response to the Digital Journal.
But for all of the enormity of the market and the funding nearly each firm makes in software program improvement, few instruments exist to measure and observe the influence of that funding on enterprise outcomes. Engineering Administration Software program platform firm Jellyfish was created to assist change that dynamic.
Based in 2017 by Philip Braden, David Gourley and Andrew Lau, the Boston-based Jellyfish assesses contextual enterprise knowledge and engineering indicators to supply full visibility into how engineering organizations work and function.
Jellyfish Co-Founder and CEO Andrew Lau.
Jellyfish.co
The entrepreneurial trio had labored collectively to discovered and develop enterprise search firm Endeca, which they then offered to Oracle for $1 billion in 2011. “In 2016, we discovered all three of us obtainable once more. We actually revered one another’s means of working collectively and our abilities and so we needed to see if there was a means that we may get collectively once more,” says Jellyfish CEO and co-founder Andrew Lau
The concept for the corporate was born out of a gathering at a sushi restaurant in downtown Boston, when every of the founders wrote down among the facets of the corporate they needed to construct. They mentioned the staff, firm tradition and the enterprise mannequin they needed to create targeted on B2B, innovation and new markets earlier than they even mentioned the thought for what would change into Jellyfish.
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“How the Jellyfish idea itself was truly born is just a little little bit of a joke. I bear in mind we’re sitting the three of us rhetorically joking, ‘Who desires to run the engineering staff? Cuz that job sucks.’ However then we requested, ‘Why does this job suck?’ And the reply was, effectively, as a result of persons are at all times yelling at you. And since the job is tough. As a result of the engineers do not perceive how the enterprise works. And the enterprise does not understand how the engineers work,” says Lau.
They likened the predicament to what gross sales administration was like earlier than the introduction of Salesforce CRM and Siebel Programs and posed the query, Can we do for engineering what Salesforce did for gross sales? “When you look over the past 20 years, each a part of the enterprise has gotten the visibility to make that connection from the enterprise to the perform. And the one perform left that does not have that’s truly engineering. All of the whereas, it is change into essentially the most strategic and costly division for each firm. But it’s the one division left the place nobody understands what is going on on again there. So we stated, ‘Hey, can we take the components of the Salesforce analogy, which is round alignment, visibility, all this stuff, however do it in a brand new faculty means for a distinct perform. As a result of the engineers have the instruments they love, however these issues are unintelligible to the enterprise. Let’s tie into these methods and make one thing that really helps align the enterprise and engineering staff,” says Lau.
In brainstorming a reputation for the corporate, they picked Jellyfish as a placeholder after trying by means of random names of vegetation and animals. They favored jellyfish as a result of they’re versatile, dynamic and clear. They went to 99 Designs and paid a small sum of money for the brand, figuring they’d change it down the highway. However the identify caught. “We discovered that folks actually cherished the identify. It doesn’t sound like another company identify and other people had enjoyable with it,” says Lau.
At this time, with over 175 workers, Jellyfish is positioned because the pioneer Engineering Administration Platform that allows engineering leaders to align engineering work with strategic enterprise goals. By analyzing engineering indicators and contextual enterprise knowledge, Jellyfish offers full visibility into engineering organizations, the work they do, and the way they function. Firms like Acquira, Priceline, Mastercard, Toast, Bazaarvoice, and Zoominfo are prospects, offering the momentum for the corporate to greater than triple the enterprise in 2021, in response to Lau.
The corporate’s progress and upside market potential has attracted $114.5 million in enterprise funding to this point, together with its newest February 1, 2022 $71 million C spherical led by Accel. Extra traders embrace Tiger International Administration, Perception Companions, Wing Enterprise Capital and Half Court docket VC.
Lau grew up in Oakland, California, one in every of two kids of engineer dad and mom. His dad is a civil engineer, and his mother was a programmer. He has a sister who’s a chef. “My mother began on punch playing cards and indirectly, she will need to have blazed the path for me. She taught me after I was in all probability only a child to do one thing that’s like coding. It is a type of key mixtures that really goes again to in all probability the 70s and had an enormous affect on me,” says Lau.
Wanting again, he stated he at all times had a little bit of an entrepreneurial streak in highschool, and thinks a few of it’s innate from his dad. However largely it’s his curiosity and curiosity in studying new issues that put him on a path to enterprise constructing. “When you take a look at my early jobs, I spent just a little time at IBM. I spent just a little time at Microsoft. And I realized alongside the best way to chase what issues had been attention-grabbing to me,” says Lau.
He discovered his solution to Massachusetts when he attended and graduated from MIT with a level in pc science. After graduating, he had quick stints at Wind River, IBM, Microsoft and Inktomi (now Yahoo!), earlier than turning into VP of Engineering at Endeca, the place he labored together with his different co-founders. After the Oracle acquisition, he then based two firms, Broadway Commerce and LoopIt earlier than spending two years as Chief Technique Officer at Nanigans, earlier than teaming up with Braden and Gourley once more to discovered Jellyfish in 2017.
As for the long run, Lau and staff have massive ambitions. Can they certainly change into the “Salesforce” of Engineering Administration Software program in each measurement and scope?
“Our aspiration is to be a multibillion greenback unbiased software program firm. We all know main a big engineering staff is tough, not as a result of essentially of the coding, it is truly the intersection of expertise and the enterprise. And we expect that web result’s that firms truly make unhealthy choices as a result of they’re performing inefficiently, not rowing in the identical path. If that is the chance, and each firm on the planet in the present day is a software program firm, effectively, then the sky is the restrict,” concludes Lau.
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