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    Engineering analytics startup Hatica raises $3.7 million in funding led by Sequoia Capital's Surge

    Synopsis

    Hatica’s platform, aimed to increase software developers’ productivity, aggregates activity from all work apps and builds insights and software engineering dashboards to help teams drive efficiency.

    Hatica foundersETtech
    (From left) Haritabh Singh, cofounder and CTO, and Naomi Chopra, cofounder and CEO of Hatica
    Engineering analytics platform Hatica has raised $3.7 million led by Surge, the startup scale-up programme of Sequoia Capital India and Southeast Asia.

    Other investors who participated include Kae Capital and multiple senior engineering executives from Google, Uber, Twitter, Okta and Notion, such as Akshay Kothari, Apurva Dalal, Ashutosh Agrawal, Gaurav Lahoti, Punit Soni, Peeyush Ranjan and Pratyus Patnaik.

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    Since most of the company’s sales are in-bound, it will focus on increasing headcount by three times from its 22-member team, founder and chief executive Naomi Chopra told ET.

    Currently, it registers about 45% of sales from India and the United States each, and 10% from Europe and the rest of the world.

    Hatica’s platform, which aims to increase software developers’ productivity, aggregates activity from all work apps and builds insights and software engineering dashboards to help teams drive efficiency.

    Hatica solves problems such as alert fatigue, automated code reviews, automated bug fixes, and analysis of development time.

    The company said it assists over 20,000 engineering leaders and developers improve their experience.

    The startup was founded in June 2020 by Chopra and Haritabh Singh, the chief technology officer in San Francisco.

    Singh, an IIT-Kharagpur alumni, previously worked at Uber, while Chopra, a Georgia Institute of Technology alumni, had worked at Cisco.

    The startup launched around June 2022, as it was only working with five companies till then to understand the platform’s product market fit and test features, Chopra told ET.

    “Developers are depending on tools to get their work done while engineering costs are burgeoning, making the developer experience and productivity a critical problem. With Hatica, we've embarked on a mission to equip engineering leaders with crucial and actionable insights to help them build effective and happy engineering teams,” Chopra added.

    A rise of distributed teams with remote and hybrid working environments has made it challenging for engineering teams across companies to uncover inefficiencies in the software development lifecycle.

    Accordingly, over the last couple of years, a number of startups have sprung up in the larger ambit of DevOps, that solve for developer productivity and automation. These include Last9, Adaptive, Facets.cloud, Shovel.Company, and Signoz.

    Investors such as Sequoia, Elevation Capital, Stellaris, Accel, and Antler have been actively looking for investments in the space.
    The Economic Times

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