Recently, Israeli startups ForSight Robotics and Deci raised funding. Now, another Israeli startup xtype, a DevOps platform accelerating the ServiceNow app development is in the headlines. It has secured $5.8 million in seed funding in a round led by Columbia Capital along with participation from Inner Loop Capital and SaaS Ventures.
To strengthen its US presence
xtype will use the funds to accelerate its product roadmap by growing the development team, increasing its presence in the US market, and expanding its sales and customer success teams.
“ServiceNow is the most robust platform for managing IT and developing enterprise applications,” said Ron Gidron, founder and CEO of xtype. “However, without the agility that modern DevOps brings, it can take weeks or months to deploy ServiceNow updates. Manual deployment processes create inefficiencies, delaying releases and leading to costly errors. It’s common practice for releases to be scheduled and performed during off-hours in anticipation of downtime.”
“Hundreds of millions of business apps will be built in the next few years alone to support digital transformation efforts of enterprises,” said Jason Booma, Partner at Columbia Capital. “Traditional software development cannot meet this demand, and we see solutions like ServiceNow continuing to play a key role in addressing critical needs of the world’s largest enterprises. xtype provides tremendous value by meeting enterprises where they are and dramatically enhancing their ability to build digital tools and products on their platform of choice.”
What issue does xtype tackle?
Low-code application platforms have broken through the hype and achieved mainstream adoption, notes Gartner’s Hype Cycle report. It projects the market will hit $7.4B this year, and by 2025 they expect 70% of new enterprise apps to use low-code or no-code.
Though enterprises build tens of millions of increasingly complex and business-critical apps on low-code platforms, inefficient manual deployment processes are still the norm. Reportedly, this process delays releases and leads to costly errors.
Founded in 2020 by Ron Gidron, Peter Szulman, and Tobias Stanzel in Tel Aviv, xtype has built the first deployment and release automation platform for ServiceNow, the leading enterprise low-code platform. With this platform, Xtype enables teams to adopt a DevOps approach, from releasing a new version every few weeks, to multiple times a day.
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.
Furthermore, the platform provides 360-degree real-time command and control of an organisation’s ServiceNow ecosystem. This prevents unwanted changes from being included in a release and provides cross-instance transparency on what’s been updated, where, and by whom. Early customers of xtype include HP, Zurich Insurance, and Playtika.
