NC-based Allstacks, the leading software engineering intelligence platform that enhances software development outcomes, has raised $10M in Series A funding. This significant investment aims to empower engineering and product teams with the critical data they need to demonstrate and enhance the impact of software development across their businesses.
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The funding round, which brings Allstacks’ total funding to $25MM, is led by Quadri Ventures, alongside M12, Microsoft’s Venture Fund, and First Rays Venture Partners, who join existing investors including Companyon Ventures, Clutch VC, S3 Ventures, Tweener Fund, CreativeCo, and Hyperplane.
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Allstacks was founded in 2017 by CEO Hersh Tapadia and CTO Jeremy Freeman, with a vision to give engineering teams the data they need in order to make strategic business decisions. In today’s enterprise landscape, billions are invested annually in software development, yet businesses often struggle to measure its true value. Allstacks platform aims to offer the comprehensive insights into software development performance the modern enterprise requires. These organizations have hit a wall when it comes to being able to efficiently manage software development tools across their business and Allstacks enables engineering teams to effectively measure and report on engineering efficiency and effectiveness.
Allstacks will work with Microsoft through their portfolio development program to help enterprises track the efficiency and ROI of implementing Microsoft Copilot in their engineering teams. By aggregating historical data from various delivery tools like Azure DevOps, Copilot, GitHub, and Jira, Allstacks provides engineers and cross-functional leaders with insights into changing software development timelines and dependencies. From Todd Graham, Managing Partner at M12, Microsoft’s Venture Fund, “At M12, we invest in visionary companies transforming industries, and Allstacks exemplifies this. By providing a single source of truth for software engineering teams, Allstacks enhances project health, aligns with business strategy, and drives transparency and accountability in development. Their innovative use of advanced analytics and machine learning sets them apart, and we’re excited to support their mission to revolutionize software project management.”
Allstacks will leverage this latest round of funding to expand our product capabilities around enterprise scalability, including innovations with AI to reduce time to action in the software development lifecycle. We’re also building out our go-to-market function and expanding our international footprint with a focus on the UK, continental Europe, and the Middle East.
Chris James, Managing Partner at Quadri Ventures, commented: “Allstacks is pioneering a new level of innovation in the software engineering intelligence market, and we are excited to support them in setting new standards for the industry. Gartner predicts that enterprise spending on software engineering intelligence will experience a compound annual growth rate (CAGR) increase of 140% over the next three years as businesses realize the importance of understanding how they expend their resources. Harnessing the power of the cloud and AI at the forefront of this exciting growth trend, Allstacks are the ideal company for us to partner with and support in the next phase of their rapid growth journey.”
At its core, Allstacks leverages advanced analytics and machine learning to offer unparalleled insights into the software development lifecycle. By aggregating data from various sources, Allstacks presents a unified view that highlights potential risks, identifies bottlenecks, and uncovers opportunities for improvement. This holistic approach not only helps in proactive decision-making but also fosters a culture of transparency and accountability within teams.
Allstacks is more than just a tool—it’s a strategic partner for organizations striving to achieve excellence in software development. By aligning engineering efforts with business goals, Allstacks ensures that every project not only meets but exceeds expectations. Whether you’re a technical leader looking to streamline workflows or a business leader aiming to maximize ROI, Allstacks offers the insights and tools needed to transform your software development processes and deliver exceptional results.
About Allstacks
Allstacks is a software engineering intelligence platform revolutionizing the way teams manage and optimize their projects. Allstacks provides a comprehensive single source of truth that empowers organizations to achieve greater alignment to their core business strategy, enhance project health, and ensure goal commitment.
