Swarmia Secures €10 Million to Boost Engineering Productivity

Swarmia, a Helsinki-based SaaS startup, has raised €10 million in funding to enhance software engineering productivity through real-time insights. Led by DIG Ventures and Karma Ventures, it aims to support companies in aligning engineering efforts with business goals. The startup boasts a notable client base, including Fortune 500 companies, and is expected to grow its presence in the U.S.

Swarmia, a Helsinki-based startup, is all set to upswing software engineering productivity after securing €10 million in the latest funding round. This SaaS company specializes in building tools that provide real-time insights into product development. The funding round was spearheaded by DIG Ventures and Karma Ventures, featuring notable angel investors like Romain Huët from OpenAI and Slack co-founder Cal Henderson.

Otto Hilska, the founder and CEO of Swarmia, stressed the urgency for companies to seek profitability and sustainable growth. He believes it all starts with a cohesive team of engineers working towards a common goal to effectively deliver top-notch products to the market. Hilska emphasized that “sustainable growth starts with a well-oiled team of engineers.”

Founded by Hilska in 2019, Swarmia focuses on improving developer productivity and experience within software engineering teams. Its platform is designed to enable faster decision-making and reporting by providing real-time insights, making collaboration across teams much smoother. “Most developer tools today simply display data,” Hilska noted, pointing out that the real value lies in interpreting that data effectively.

The concept of software engineering intelligence is rapidly gaining traction, with Gartner predicting a rise in adoption from just 5% to about 70% among companies over the next few years. This shift highlights a changing dynamic in how engineering organizations are managed, pushing leaders to create systems that help prioritize work while efficiently delivering customer value.

Despite the potential, Swarmia acknowledges that many organizations grapple with modern practices. Issues like inadequate data and strategic application remain challenges. To counter these hurdles, Swarmia combines quantitative metrics with qualitative survey data, allowing insights that inform better decisions.

Hilska expressed excitement about the next chapter for Swarmia, mentioning they currently aid several Fortune 500 companies in making sense of their data and receiving actionable recommendations in real-time. Their robust client list includes prominent firms like Docker, Webflow, and Trustpilot, indicating a strong market presence, especially with plans to venture further into the U.S.

Investor Kristjan Laanemaa from Karma Ventures pointed out that Swarmia is revolutionizing software engineering intelligence as it becomes mainstream. He finds it encouraging to see such innovation emerging from Europe. He was particularly impressed with the ease of adoption and the positive feedback from engineering leaders at top-tier software companies, signaling a united source of data to help them guide their teams effectively.

In summary, Swarmia is making waves in the software engineering sector with its recent €10 million funding round, poised to enhance engineering productivity through advanced data insights. The startup’s focus on aligning engineering efforts with business objectives is timely as software engineering intelligence gains momentum. With a strong client base and a unique approach to problem-solving, Swarmia is set to expand its influence, especially in the U.S. market.

Original Source: www.eu-startups.com