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Uplevel, a Seattle startup that measures engineer productivity, raises $20M

Seattle startup Uplevel landed $20 million to fuel growth. The 5-year-old company helps engineering teams analyze the effectiveness of their developers by pulling data from various software tools. It has doubled customer accounts over the past year.

Uplevel’s software can show whether engineers are stuck in too many meetings, assigned too many tasks at once, or don’t have enough focus time, for example. The company’s most frequent use case is preventing burnout, said co-founder and CEO Joe Levy.

“Engineering leaders continue to worry about their team burning out and leaving,” he said. “They want to build great products, but at a sustainable level of performance.”

San Francisco-based Cota Capital led the round, which was an “up round,” or a higher valuation than Uplevel’s previous funding in 2020. Levy said he feels lucky that the round closed just prior to the ongoing downturn, which has caused a slowdown in venture capital. But he added that the uncertain economic environment is a tailwind for Uplevel. “The recent market events have increased the need for Uplevel’s insights to help software engineering teams focus on the right products in an effective and sustainable manner for the employees,” Levy said.

Other backers include Norwest Venture Partners, Madrona Venture Group, and Voyager Capital. Former Adobe CEO Bruce Chizen invested in the new round. Total funding to date is $34 million.

Uplevel will definitely improve sustainability and prevent burn-out among workers in coming future. This startup idea is very fascinating and hence unique. My best wishes to the entire team of uplevel for their future endeavors.

Shishir Gupta CEO & Founder of startuplanes

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