Software product planning platform Productboard raises $72M

24 Apr, 2021

Software product planning platform Productboard raises $72M
Photo by Patrick Robert Doyle on Unsplash

– Productboard, a startup developing a DevOps orchestration system for enterprises, today announced that it raised $72 million in a series C round.
– The company says that the funds will be put toward expanding its team and customer base while supporting product research and development.
– An estimated 19% to 23% of software development projects fail, with that statistic holding steady for the past couple of decades, according to data compiled by Ask Wonder. Standish Group found that “challenged” projects — i.e., those that fail to meet scope, time, or budget expectations — account for about 52% of software projects. Often, a lack of user involvement, executive support, and clear requirements are to blame for missed benchmarks.

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