Portland-based Jama Software, a product development platform provider, recently announced a $200 million equity investment led by Insight Venture Partners. The investment will boost Jama's long-term global growth and drive expansion of the Predictive Product Development software in the years to come. Madrona Venture Group and others participated in the round.
The $200 million round makes this potentially one of the largest venture financing deals in the Pacific Northwest in the past five years and is a major boon for the eleven year old company.
The investment comes as Jama closed out a record-breaking fiscal year. According to company data, the startup recorded 80% annual growth in adoption of Jama's platform by market-leading product development organizations in various sectors, including Wells Fargo, NASA, Qualcomm, Canon, and Caterpillar.
The Jama Product Development Platform is a comprehensive solution for guiding product development in complex industries. The platform includes tools across the entirety of the development process — from requirements to workflows, content management and analytics. The software also governs and predicts current and future product development.
The company also spent much of the past year adding significant feature enhancements to the Company's flagship product, Jama Connect. These enhancements include Live Traceability, and an easily accessible Review Center. Jama also added key leadership positions and acquired Notion, a business intelligence platform for product development teams.
Founded in 1995, Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth SaaS companies driving transformative change. Insight has raised more than $18 billion and invested in over 300 companies worldwide.
Jama Software helps companies build a Predictive Product Development process. By using an integrated software solution to guide the product lifecycle, businesses are able to mitigate risk, improve product quality, home in on opportunities and decrease time to market.