Jama Software raised $ 20 mn funding

Portland-based Jama Software today announced that it has raised a $20 million round to fuel development of its platform that helps clients develop products efficiently.

The round, which included participation from new investor Updata Partners and existing partners Trinity Ventures and Madrona Venture Group, pushes total funding to $33 million for the eight-year-old company that now employs 140 — a number that’s doubled in the past two years.

Jama’s software-as-a-service tools are designed to make it easier for distributed teams to deliver projects on time, offering a collaborative environment in which employees can easily exchange information and ideas. The company’s 600 customers include NASA, Comcast, Caterpillar, Dolby and Rockwell Collins.

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