Tasktop Raises $11.3 Million in Second Round from AVX Partners, Austin Ventures and Yaletown

Vancouver, BC Tasktop, the leader in Software Lifecycle Integration, today announced that it has raised $11.3 million in second round funding led by AVX Partners, with participation from existing investors Austin Ventures and Yaletown Partners.

Funding will be directed primarily towards the go-to-market development, marketing and sales activities for its recently launched Tasktop IntegrationHub, which radically improves team effectiveness and project visibility to enable large scale Agile and DevOps software transformations. By providing a unified view across the entire software development and delivery lifecycle, the new product allows the frictionless flow of information across the lifecycle and transparency into the value stream even if there are hundreds of projects, tens of thousands of users and millions of artifacts.

The timing also follows the completion of a record-breaking fiscal year 2016, in which the company grew revenues by more than 75 percent compared with the previously record-breaking FY 2015.

According to Neelan Choksi, COO and President, Tasktop, “We’re excited to have received this continued vote of confidence from AVX Partners, Austin Ventures and Yaletown Partners. This round will enable us to speed up our efforts to meet the needs of development organizations struggling to realize the business-critical benefits of their enterprise Agile and DevOps initiatives.”

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Author: Tasktop Technologies