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§ Private Profile · Vancouver, BC, Canada
Tasktop is a technology company.
Tasktop develops a Value Stream Management (VSM) platform designed to enhance the flow of business value through software delivery. Its core product integrates disparate tools across the software development and delivery lifecycle, such as project management, testing, and service desk applications. By providing end-to-end visibility and automating data synchronization, Tasktop enables organizations to eliminate manual handoffs, reduce bottlenecks, and accelerate time-to-market for their software initiatives.
The company was founded in 2007 by Dr. Mik Kersten, whose foundational work on connecting business strategy to software delivery led to its inception. Dr. Kersten, author of the influential book "Project to Product," recognized the critical need for enterprises to measure and optimize their software value streams to remain competitive in a rapidly evolving digital landscape. This insight formed the basis for Tasktop's innovative approach to improving development efficiency.
Tasktop serves large enterprises seeking to optimize their complex software development pipelines and achieve greater operational agility. Its solutions empower leadership with data-driven insights into the performance and efficiency of their software delivery processes. The company’s long-term vision focuses on enabling businesses to accelerate their digital transformation journeys by transforming software development into a highly measurable, transparent, and predictably performing value stream.
Tasktop has raised $122.0M across 3 funding rounds.
Tasktop has raised $122.0M in total across 3 funding rounds.
Tasktop is a Vancouver-based technology company founded in 2007 that pioneered Value Stream Management (VSM) software to integrate and optimize software development processes across tools and teams.[1][2][4] It builds products like Tasktop Viz (for measuring value streams, uncovering bottlenecks, and improving efficiency) and Tasktop Hub (for creating interoperable tool stacks, reducing data duplication, and enhancing traceability), serving large enterprises including nearly half of the Fortune 100 in sectors like financial services, insurance, government, and manufacturing.[2][5] These solutions solve critical problems in software delivery—such as siloed tools, poor visibility into workflows, and slow time-to-market—by providing a model-based integration hub that unifies teams and accelerates DevOps transformations for over one million users.[1][2][4] Tasktop's growth included rapid scaling of Viz to $9M ARR by mid-2022, culminating in its acquisition by Planview in 2022, after which its products were rebranded as Planview Viz and Planview Hub.[2][3]
Tasktop was founded in 2007 in Vancouver, Canada, by Dr. Mik Kersten, a software engineering expert who authored the best-selling book *Project to Product* and developed the Flow Framework®—the foundation for modern VSM.[2][3][4] Kersten's background in software supply chain challenges at large organizations inspired Tasktop's initial focus on tool integration to visualize, manage, and accelerate development across distributed teams and geographies.[3] Early traction came from addressing DevOps pain points for enterprises with thousands of developers, evolving into the first purpose-built VSM solution that connected tools like Jira, Azure DevOps, and ServiceNow without custom coding.[1][2] A pivotal moment was the 2020 launch of Tasktop Viz, which expanded VSM to non-technical leaders for prioritization and outcomes measurement; with investor Sumeru Equity's help in scaling sales, marketing, and onboarding, it achieved rapid growth and positioned the company for Planview's 2022 acquisition.[3]
Tasktop stands out in the DevOps and VSM space through these key strengths:
Tasktop rode the explosive rise of DevOps and Agile transformations in the 2010s, capitalizing on enterprises' shift from project-based to product-focused software delivery amid digital disruption.[2][3] Its timing was ideal as cloud-native tools proliferated, creating toolchain sprawl that demanded integration—market forces like increasing software velocity needs in regulated sectors (e.g., finance, government) favored its visibility and compliance features.[1][5] By influencing the ecosystem through OEM partnerships (e.g., CA, HPE, IBM) and the Flow Framework®, Tasktop helped standardize VSM, enabling high-performing tech orgs and paving the way for acquisitions like Planview's, which integrated it into broader work management platforms.[2][5]
Post-2022 acquisition, Tasktop's tech as Planview Viz and Hub will likely deepen integration within enterprise platforms, targeting AI-driven flow optimization and hybrid cloud environments amid rising demands for autonomous DevOps.[2] Trends like generative AI for code and multi-tool orchestration will amplify VSM's role in reducing delivery friction, potentially expanding to non-software value streams. Its influence may evolve from standalone pioneer to embedded standard in connected work solutions, sustaining momentum for adopters in high-stakes industries—echoing its origins in unifying chaotic toolchains for breakthrough efficiency.[1][2][3]
Tasktop has raised $122.0M in total across 3 funding rounds.
Tasktop's investors include Jason Babcoke, Chris Pacitti, Austin Ventures, Elsewhere Partners, Donna Wilkins, JOHN THORNTON.
Tasktop has raised $122.0M across 3 funding rounds. Most recently, it raised $100.0M Other Equity in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 8, 2021 | $100M Venture Round | Jason Babcoke | — | Announced |
| Apr 1, 2017 | $11M Series B | Chris Pacitti | Austin Ventures, Elsewhere Partners, Donna Wilkins, John Thornton | Announced |
| Jun 1, 2014 | $11M Series A | John Thornton | Austin Ventures, Elsewhere Partners, Donna Wilkins | Announced |