Plandek secures £4.5m Series A funding from YFM Equity Partners to scale operations.
YFM Equity Partners has led a £4.5m investment into the DevOps analytics platform to expand commercial reach and product leadership.
Plandek operates a DevOps analytics platform that extracts development metrics to help engineering teams improve software delivery speed and predictability.
Plandek has secured £4.5m in a Series A funding round led by YFM Equity Partners through its British Smaller Companies VCTs. The capital will be deployed to expand sales and marketing operations and accelerate product development.
The business, trading since 2018, provides an analytics platform that mines data from DevOps toolsets. This enables corporate clients and private equity portfolio companies to monitor and enhance their software engineering processes.
With recognition from industry analysts, the firm intends to use the investment to build upon its market position in value stream management across Europe and North America.
From the founder
"Effective technology delivery is mission critical for most organisations, hence the explosion of interest in applying data science to optimise the end-to-end software delivery process. Plandek is the only UK company recognised as a leading global vendor in the space. Our intelligent analytics helps software delivery teams deliver value faster and more predictably as Plandek continues to lead the data science revolution in DevOps."
Charlie Ponsonby
CEO at Plandek
Investor perspective
"With its ability to translate software development data and processes into business metrics, Plandek is helping software engineering teams through to c-suite leaders make data-driven decisions in a way that has been commonplace in other areas of an organisation such as sales or finance, for example."
Roshan Puri
Investment Director, YFM Equity Partners
Use of funds
- 01Invest in sales and marketing
- 02Continue product development
