Uber Alumni startup Hatica raises $3.7 million in funding led by Sequoia’s Surge
Hatica, an engineering analytics platform, has secured $3.7 million in seed funding in a round led by Surge, the rapid scale-up program of Sequoia Capital India and Southeast Asia.
The funding round also had contributions from Kae Capital, as well as engineering executives from Google, Twitter, Uber, Notion, and Okta. Angel investors such as Akshay Kothari, Apurva Dalal, Ashutosh Agrawal, Gaurav Lahoti, Punit Soni, Peeyush Ranjan and Pratyus Patnaik also took part in the investment.
Hatica was founded in 2019 by former Uber engineers Naomi Chopra and Haritabh Singh, offering an all-encompassing view of software development processes.
Naomi, CEO of Hatica says, “Developers are depending on more and more tools to get their work done while engineering costs are burgeoning. Making the developer experience and productivity a critical problem to solve for organisations globally.”
According to a statement, the company plans to use the funds to drive its next phase of growth and increase its headcount from 20 to 60-65 employees over the next three months. This expansion will be supported by Sequoia’s hiring team. The majority of new hires will be in the engineering and customer relationship departments.Additionally, the company also intends to expand into new geographic markets.
Hatica is a tool that integrates and communicates with the various tools and applications that developers use on a daily basis, including Github, JIRA, CI/CD systems, and incident management and collaboration apps. With this integration, engineering leaders can gain data-driven insights to identify bottlenecks, allocate resources efficiently, and prevent team burnout.
Currently, the company has a presence in the US and India and serves 20,000 developers across 100 teams, including clients such as Amenify, Paypal, Twitter, Rakuten, and Opera. The aim of Hatica, according to Naomi, is to create a central landing app for each engineering team and leader.
The goal is for Hatica to become a landing site for 30 million developers worldwide and address the problems they face. The company’s churn rate is less than 10% and most losses are attributed to budget cuts and the current state of the tech industry.
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