As employers try to control the loss of employees to “The Great Resignation” and attract employees who work from home, Okay co-founder and CEO Antoine Boulanger says the company is seeing its quantitative and empathetic management approach gaining popularity because “the distinction between productivity and employee satisfaction disappear for knowledge workers.”
Two years ago, we profiled Okay, a technical visibility tool that helps technical managers lead effective and engaged teams, fresh out of Y Combinator with $2.2 million in new funding. Boulanger said he and co-founder Tomas Barreto Okay started after meeting in Box.
“What we’ve seen in recent years is a transition for people, managers and teams on how to manage teams completely remotely,” Boulanger added. “There’s this idea that people want more visibility and understand what’s happening with the team. We saw at the beginning of the pandemic, when there was an increase in meetings, but as people got used to other things, and now go back to the office, those same transitions are happening again.”
Okay’s suite of tools aims to replace mostly in-house built-in tools and take a look at the interruptions and inadequate tools that keep engineers from feeling productive and engaged. The product integrates with a company’s existing tools, including software such as Google Calendar, GitHub, PagerDuty, and CircleCI.
Over the past year, the company has seen both revenue and customer base grow approximately 10-fold, including clients such as Sourcegraph and mParticle, which Boulanger attributes to its engineering productivity approach that focuses on identifying bottlenecks in the development process rather than measuring it. of output.
To build on that momentum, Okay took another round of capital, this time $4.4 million, led by Kleiner Perkins, with the participation of Stripe CEO Patrick Collison and executives from Plaid, Brex and Instacart.
The new funding will go towards increasing the number of integrations, new roles and hirings. Boulanger’s goal is to support larger companies – the focus is on a market with companies with hundreds of engineers, but ultimately to be able to support companies with thousands of engineers.
“We spent three years building the product, which is a complex data product, so we’ve had our senior team work on this and collaborate with customers,” he added. “The idea is to double down on our engineering team, go-to-market efforts and design. One of the areas we’re excited about is creating a way to share questions so everyone in the company can access the data. parts.”