Helsinki, Finland – Swarmia, a leading SaaS company specializing in software engineering intelligence, has successfully closed a new funding round, securing €10 million. This significant capital infusion is poised to accelerate the company’s mission of providing real-time, actionable insights into product development, thereby enhancing engineering productivity and experience for organizations globally.
Founded in 2019 by serial entrepreneur Otto Hilska, Swarmia has rapidly established itself as a critical tool for modern engineering teams. The company's primary goal is to systematically improve business outcomes, developer productivity, and developer experience for organizations globally. Its platform is designed to help engineering organizations gain actionable insights to ship better software faster.
Swarmia's product focuses on three key areas. Firstly, it aids in delivering on planned business outcomes by providing investment insights and real-time visibility into project delivery, including features like Investment Balance to track where engineering time is spent and Initiatives to monitor strategic cross-team projects. Secondly, it boosts developer productivity by combining insights and automation, tracking proven metrics such as DORA and SPACE, and automating feedback loops through features like Engineering Metrics and Slack notifications for code review reminders. Lastly, Swarmia improves developer experience by running recurring engineering surveys to collect and analyze feedback, identifying concrete areas for enhancement.
The technology is built to be enterprise-grade yet lightweight in setup, scaling for organizations from startups to large enterprises. It integrates easily with existing tools like issue trackers, source code hosting, and chat systems, while prioritizing security with SOC 2 Type 2 and GDPR compliance. Swarmia offers flexible configuration and dedicated customer success support, providing insights and reports for engineering leadership while also equipping teams with tools to accelerate their delivery.
According to Otto Hilska, Founder and CEO of Swarmia, the current economic climate necessitates a focus on sustainable growth, which he asserts begins with a highly efficient engineering team. “All companies are now looking for profitability and growth. Sustainable growth starts with a well-oiled team of engineers, who work toward a shared goal and deliver world-class products to the market effectively,” Hilska stated.
The €10 million funding round was led by DIG Ventures and Karma Ventures. The round also attracted participation from notable angel investors, including Romain Huët, Head of Developer Experience at OpenAI, and Cal Henderson, Co-founder and former CTO of Slack.
The newly acquired capital is strategically earmarked for several key initiatives. A primary focus will be the expansion of Swarmia’s market presence, particularly within the United States. The company already boasts an impressive client portfolio that includes Fortune 500 companies and global leaders such as Docker, Webflow, Engine, Miro, Trustpilot, and Pleo.
The investment arrives at a pivotal moment for the software engineering intelligence sector. According to Gartner, the adoption of these specialized tools is projected to experience exponential growth, rising from 5% to an estimated 70% of companies in the coming years. This dramatic increase reflects a fundamental shift in how engineering organizations are managed, with a growing emphasis on data-driven decision-making, strategic prioritization of work, and efficient delivery of customer value. Swarmia positions itself directly within this burgeoning market, offering a solution to the common struggle many organizations face in adopting modern practices due to insufficient data and challenges in applying it strategically. By combining carefully selected quantitative metrics with qualitative survey data, Swarmia aims to provide a comprehensive and nuanced understanding of engineering performance, empowering teams to achieve greater efficiency and deliver superior products.
