SAN FRANCISCO, CA, StackShare today announced that it has raised $5.2 million.
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The funding will be used to continue building the world's first technology graph, a network that empowers developers to exchange knowledge and feedback about the software tools they use. The Series A round was led by e.ventures, with participation from Cervin Ventures, and a handful of angels including Nick Rockwell, CTO at The New York Times; Aston Motes, the first employee at Dropbox; Dave Johnson, founder of PhoneGap, and Shipt CEO Bill Smith.
Today, more than 200,000 developers use StackShare to view the technology stacks employed by major companies like Spotify and Airbnb, and to evaluate and compare software tools such as Docker and Slack. In fact, many companies choose to manage their own StackShare pages as a means of attracting developers who are comfortable working with their preferred software. With this information at their disposal, CTOs can compare open-source and SaaS products, and engineers can learn which skills they'll need to succeed at more than 30,000 companies.
"StackShare is doing for developers and software tools what LinkedIn has done for hiring managers and job-hunters," said Brendan Wales, Principal, at e.ventures. "As the technology graph expands, engineers and product managers will have the ability to draw vital connections between the products they use to innovate, and ultimately make application-specific purchasing decisions based on our graph."
The company plans to use the investment to ramp up its product and engineering teams and open its first office in San Francisco. Founded in Silicon Valley in 2014, StackShare is currently a six-person company, having recently hired former Yelp Engineering Manager and Yammer alumni, Kane Ren, as its first Director of Engineering; and Alyssa Mazzina, former Managing Editor of the Stack Overflow blog, as Head of Content. By the end of Q1 2018, the company expects to have close to 20 team members.
In addition to the funding news, StackShare recently announced the rollout of Stack News, a "Feedly for your tech stack" that is a curated, personalized feed designed to help developers keep up with the latest updates to the software tools in their stack. The product surfaces content from Hacker News, Reddit, GitHub, and thousands of RSS feeds from software vendors and company engineering blogs to highlight the best content related to the tools in their tech stack.
"While sites like AngelList, LinkedIn, and GitHub have been extraordinarily useful to the developer community, there has never been a network site built specifically for learning about technology components and how they fit together," said StackShare Founder & CEO Yonas Beshawred. "With this investment, we'll expand our ability to help developers choose the right tools so they can work more efficiently and ultimately build better products."
StackShare is a Silicon Valley-based software discovery platform that lets you see all the best software tools and who's using them. It's a developer-only community of engineers, CTOs, and VPEs from some of the world's top companies, designed to help developers share knowledge about the tools they use and why they use them. Founded by Yonas Beshawred in 2014, StackShare graduated from Batch 14 of 500 Startups in 2015.