Skip to content

Tasktop Raises $11 Million to Support Adoption of Integration Platform

Vancouver-based Tasktop has raised $11.3 million in second round funding. The capital hails from AVX Partners, as well as existing investors Austin Ventures and Yaletown Partners.

“We’re excited to have received this continued vote of confidence from AVX Partners, Austin Ventures and Yaletown Partners,” says COO Neelan Choksi.

Funding will be directed toward the development, marketing and sales activities for its recently launched Tasktop IntegrationHub, which improves team effectiveness and project visibility to enable large scale Agile and DevOps software transformations.

“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,” added Choksi.

The timing also follows the completion of a record-breaking 2016, in which the company says it grew revenues by more than 75%.

“Tasktop is at the forefront of a huge market opportunity, enabling enterprises to succeed with large-scale Agile and DevOps transformations,” said Chris Pacitti, Founding Partner at AVX. “They have built a uniquely innovative product and a very impressive customer roster, already providing the software delivery integration layer for 43 of the Fortune 100.”

Over one million users employ Tasktop’s Value Stream Integration technology to transform software development and delivery.

Extremely High Demand for Developers in Canada, Data Shows

Recommended