# Propelo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/propelo

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.propelo.ai
- Total disclosed funding: $12M
- Latest round: Series A (Nov 4, 2021)
- Investors on record: 4

## About

Propelo Inc. is a data-driven engineering company that enhances software delivery through their innovative Software Engineering Insights platform, designed to optimize productivity and resource allocation in software development.Founded in 2019, Propelo Inc. is based in Sunnyvale, US and focuses on improving software delivery processes. The company was recently acquired by Harness, Inc. on January 24, 2023, with financial terms undisclosed. Nishant Doshi serves as both the CEO and founder, leading the company through its strategic development and funding. Propelo has successfully raised USD 12.00 mn in its latest funding round, which was a Series A led by Decibel, with additional backing from Eniac Ventures, Fathom Capital, and Fike Ventures. This marks the third total deal for the company since its inception.Propelo specializes in enhancing software delivery with its Software Engineering Insights (SEI) platform. The SEI platform identifies and analyzes bottlenecks within the Software Development Life Cycle (SDLC) using the Harness Trellis Framework, evaluating over 20 productivity-related factors from various SDLC tools. It offers actionable insights through reports, scorecards, and dashboards, aimed at technology companies in North America, Europe, and Asia, specifically serving software development teams, product managers, and engineering leaders.Propelo generates revenue through a subscription-based model for its SEI platform, typically involving annual contracts with clients. The business operates on direct B2B relationships, where clients pay for tiered service plans based on the scale of their operations. Pricing plans accommodate different organizational needs, providing access to features such as advanced analytics and reporting capabilities, while fostering long-term partnerships for effective solution implementation.Following its acquisition by Harness, Inc., Propelo plans to leverage its resources to expand its software delivery platform and enhance the developer experience. The recent funding will be utilized to optimize its processes and support new product launches aimed at improving software development efficiency. Expansion efforts are targeted towards new markets, with specific focus on North America, Europe, and Asia, although exact timelines have not been disclosed.

## Funding rounds

- Series A, Nov 4, 2021, $12M — Eniac Ventures, Fathom Capital, Decibel, Fike Ventures

## Investors

- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Series A
- Fathom Capital (https://capitalatlas.ai/funds/fathom-capital) — Series A
- Decibel (https://capitalatlas.ai/funds/decibel) — Series A
- Fike Ventures (https://capitalatlas.ai/funds/fike-ventures) — Series A