Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Propelo publicly launched an AI-driven engineering excellence platform to help businesses accelerate their software delivery.
As most industries transform to become software-driven, modern engineering teams are leading the charge to make digital transformation a reality. However, the proliferation of DevOps tools and hybrid work has made it more challenging for engineering leaders to run their teams effectively.
Today, many organizations operate on gut and instinct. The best-of-breed solutions are siloed dashboards or hacked together expensive BI systems. None of these approaches provide deep enough insights to drive immediate actions. This puts a heavy burden on busy development teams and takes time away from developers building new features.
To deliver software faster, modern engineering teams need good decision-making coupled with intelligent automated action. Propelo brings these two important elements together - an AI-driven intelligence module to help reach sound data-backed conclusions and a no-code RPA module to make this intelligence actionable, thus reducing the task burden on the developers.
Propelo's Founder & CEO Nishant Doshi, a former VP of engineering at Palo Alto Networks, was responsible for three high-growth product lines and managed hundreds of engineers. He's assembled a veteran team of engineering leaders from Checkr, GitLab and ServiceNow
"In my previous role as VP Engineering at Palo Alto Networks, my job was to ensure that we made sound decisions and drove efficiencies in every aspect of our software delivery pipeline. One needs to think about all stakeholders in product creation including security, product management, and support" said Nishant Doshi. Propelo.ai addresses this gap in the engineering stack by industrializing an AI-driven approach that fuses intelligent analytics with smart automation to speed up software delivery.
Propelo is a purpose-built solution that elevates the engineering team to operate at a higher excellence level, brings multiple stakeholders and personas across development, quality assurance, DevOps, security, product management on the same page and fosters transparency.
Propelo's platform connects the dots across 40+ DevOps tools and provides out-of-the-box insights. These insights are connected to no-code RPA playbooks called "Propels'' that automate actions, providing an intelligent response based on the data.
Propelo raised 12M Series A from Decibel Partners, with participation from existing investors such as Fika Ventures, Eniac Ventures, and Fathom Capital to build an AI-driven engineering excellence platform to solve this problem. This brings the total amount raised through the Seed and Series A rounds to $16M. Propelo also announced the following advisors and investors to help shape their vision, including Michael Stoppelman, Former SVP of Engineering at Yelp; Rinki Sethi, CISO at Twitter; Naveen Zutshi, CIO at Palo Alto Networks; and David Schneider, Former President at ServiceNow.
"In a hybrid/remote work first world, it is critically important to take steps to operate the software teams efficiently and effectively. Propelo's ability to analyze the entire DevOps tool stack, provide predictive insights and drive improvement through workflow automation is a DevOps game-changer for modern engineering teams," said Dan Nguyen-Huu, Partner at Decibel Partners.
Industry News
Check Point® Software Technologies Ltd. has been recognized as a Leader and Fast Mover in the latest GigaOm Radar Report for Cloud-Native Application Protection Platforms (CNAPPs).
Spectro Cloud, provider of the award-winning Palette Edge™ Kubernetes management platform, announced a new integrated edge in a box solution featuring the Hewlett Packard Enterprise (HPE) ProLiant DL145 Gen11 server to help organizations deploy, secure, and manage demanding applications for diverse edge locations.
Red Hat announced the availability of Red Hat JBoss Enterprise Application Platform (JBoss EAP) 8 on Microsoft Azure.
Launchable by CloudBees is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Kong closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation.
Tricentis announced that GTCR, a private equity firm, has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and further fueling Tricentis for future growth and innovation.
Check Point® Software Technologies Ltd. announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform.
Sonatype and OpenText are partnering to offer a single integrated solution that combines open-source and custom code security, making finding and fixing vulnerabilities faster than ever.
Red Hat announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud.
Endor Labs announced that Microsoft has natively integrated its advanced SCA capabilities within Microsoft Defender for Cloud, a Cloud-Native Application Protection Platform (CNAPP).
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.