California-based xtype, a software delivery company, has secured additional funding in a round led by Columbia Capital and Innerloop Capital. It also saw participation from SaaS Ventures and other investors. With this round, the total funding raised by the company accounts for $10.8 million.
This investment round will provide fuel for xtype’s next stage of growth. This enables wider adoption of its technology in enterprise accounts, expanded technical support capabilities, and investment in additional product capabilities.
The new capital will expand the startup’s ability to drive innovation and meet the needs of large global enterprises relying on ServiceNow.
Enterprises can deliver new features on ServiceNow
Currently, ServiceNow teams struggle with environment inconsistency which inhibits their ability to deliver at speed. Co-founded by Ron Gidron, xtype believes that the ServiceNow platform is the most agile development platform on the market. Apparently, it provides native ServiceNow products to meet any level of demand from the platform with speed, reliability, and compliance.
xtype’s deployment and release automation platform dramatically increase enterprises’ ability to deliver new features and applications on ServiceNow. The platform boosts the productivity of development teams and reduces the number of errors and escalations by combining modern DevOps practices with advanced automation and synchronisation technology.
Using xtype, app releases are automated, and new versions are deployed with a single click, allowing teams to adopt a Continuous Delivery approach. Additionally, the platform provides 360° real-time command and control of an organisation’s ServiceNow ecosystem that prevents unwanted changes from being included in a release.
To date, xtype has worked with organisations such as Zurich Insurance and Heineken, and large international banks and technology companies globally.
Ron Gidron, co-founder and CEO of xtype said: “We are thrilled to announce that xtype has secured additional funding, a resounding endorsement of our game-changing solutions in the ServiceNow ecosystem. This investment not only reaffirms our market leadership but also underlines the immense confidence our investor community places in us. As we continue to revolutionise enterprise software solutions, this financial backing empowers us to accelerate our innovation, scale our reach, and continue delivering unparalleled value to our clients.”
Justin Label, Managing Director of Innerloop Capital agreed, said: “xtype has seen tremendous growth over the past year, and the expansion of its enterprise customer base to include industry leaders made us extremely confident in the trajectory they are taking. With this, we are eager to support their next stage of growth and invest further into their unique product offering.”
Collin Gutman, Managing Partner of SaaS Ventures, said: “We saw that ServiceNow’s customers all have a large need, which xtype fills perfectly. The scope of the problem xtype solves is matched only by the quality of its team.”
