Haystack Analytics Gets $1.2M In Seed Funding

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Below is our recent interview with Kan Yilmaz, CTO & Co-founder of Haystack Analytics:

Q: Could you provide our readers with a brief introduction to your company?

A: At Haystack, we help build elite developer teams by helping teams prevent burnout, experiment faster and ship reliably. We do this by providing engineering metrics and alerts proven to drive performance. Using this feedback loop, Haystack users have increased production deployments by 58% and deliver software 70% faster on average.

Q: Any highlights on your recent announcement?

A: In addition to our pre-seed funding, we recently announced that we’d secured $1.2m in seed funding. This round included participation from Founders Club, Y Combinator, Soma Capital, Entrepreneur First and investors Dan Siroker and Blaine Vess. With monthly revenues already growing 36% month-on-month as more tech teams adopt Haystack platform, we hope this funding will allow us to grow our offerings even further.

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Q: Can you give us more insights into your offering?

A: Research conducted by Google’s DORA team has shown that companies with elite engineering teams have a 50% higher market cap growth rate over 3 years. These companies are also 2x more likely to meet both their commercial and non-commercial goals. Indeed, the research even found that employees for these elite performers “are 1.8 times more likely to recommend their team as a great place to work”.

To identify the performance of an engineering team, the DORA team created “North Star” metrics to measure both speed and quality. Haystack surfaces these metrics to our customers and allows them to drill-down into lower-level Leading Indicators, so our customers can continuously improve processes to drive their engineering performance.

Haystack is even able to surface potential issues before they materialise in metrics. Using risk alerts, we can alert teams and their managers of potential issues like burnout or work getting stuck.

Q: What can we expect from your company in next 6 months? What are your plans?

A: Haystack provides insights that teams need to experiment with their workflows to prevent developer burnout whilst shipping faster. Currently many companies are moving towards hybrid office/home working environments as COVID-19 lockdown measures begin to ease globally. Haystack provides visibility into potential issues that occur with this transition.

We plan to use the funding we have secured to allow us to ingest data from more sources whilst expanding the range of developer-friendly dashboards and alerts we are able to provide. This ultimately provides engineers with greater insight into their process.

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Q: What is a great thing about your company that people might not know about?

A: Haystack currently provides insights on 7000 engineers globally, including for some of the world’s best known engineering teams. This includes companies like GoDaddy, Microsoft, The Economist, Indiegogo and Truebill. In less than 12 months since launch, we’ve recorded data for over 6 million GitHub code commits.