- Haystack Enterprise: In less than 6 months since announcing seed funding, Haystack Analytics has secured its first enterprise deals from brand name customers.
- Sustained Growth: Haystack Analytics has continued to secure growth of its developer insights tool, achieving average 35% month-over-month growth in revenue.
- Enterprise Features: New product functionality includes a Query Builder for understanding complex developer teams, accurate historical metrics and advanced measurement of software deployments.
Developer-friendly platform Haystack grows 35% month-on-month as it launches Enterprise solution
San Francisco & London; 15 November 2021 - Engineering productivity company Haystack Analytics today reports continued strong business performance as it introduces its enterprise offering less than 6 months after announcing seed funding. Revenues have increased by an average of over 35% month-over-month as demand amongst high-profile customers has grown.
Haystack provides a platform providing technology leaders visibility into the software development lifecycle, allowing engineering teams to deliver business value faster and more reliably whilst reducing developer burnout.
Companies already using the platform include OutSystems, Cameo, The Economist, AngelList and Indiegogo. Haystack has also secured enterprise deals in highly regulated sectors, including both healthcare firms and large financial services companies.
Cofounder and CEO of Haystack Analytics, Julian Colina, said: “It’s certainly been a busy time as we have continued to see growing demand over the past few months. Today, Haystack is helping our customers accelerate software delivery, from biotech to fintech. Our commercial performance has been strong as more elite developer teams have signed up to use our service.”
As demand amongst enterprise customers has grown, Haystack has continued to innovate to meet demand. New functionality includes a custom Query Builder, allowing advanced visualization of developer productivity data, alongside the ability to accurately map internal personnel transfers when calculating team performance.
Most recently, to assist businesses undergoing digital transformations, Haystack has launched new functionality to accurately track software deployments. This allows developer teams to accurately calculate lead times right to the point where business value is being shipped into production environments. Additionally, Haystack can offer these accurate lead time calculations without the software changes required by other analytics solutions.
Cofounder and CTO of Haystack Analytics, Kan Yilmaz, added: “To meet demand as our customer base has moved more upmarket, we have continued to deliver on adding more advanced functionality. With more developers working from home and more customers moving online, Haystack plays an ever greater role in helping our customers achieve successful business outcomes. Our new query engine has allowed our users to access new insights whilst allowing us to ship business value even faster.”
Note to Editors
For further information please contact the Haystack Analytics press office: Bilal Mahmood on email@example.com or +44 (0) 20 3640 7759 and +44 (0) 771 400 7257.
About Haystack Analytics
Haystack was founded in 2020 by Julian Colin and Kan Yilmaz for tech teams to learn more about roadblocks to their work, improve productivity and importantly identify burnout issues with developers. Haystack helps build elite developer teams by providing engineering metrics and alerts proven to drive performance, improve software reliability and prevent developer burnout.
Through their integration with GitHub, Haystack is able to provide live data insights that illustrate the entire delivery process from commit to deploy, being able to highlight bottlenecks like code review and team productivity. Using this feedback loop, Haystack users have increased production deployments by 58% and achieved 70% faster cycle times on average.
In June 2021, Haystack announced it had secured a US$1.2m funding round after graduating from Y Combinator’s W21 batch.