TEL AVIV, Israel, September 14, 2022 /PRNewswire/ — xtypethe DevOps platform that accelerates ServiceNow app development, announced today $5.8 million in seed funding in a round led by Columbia Capital with participation from Inner Loop Capital and SaaS Ventures. The company will use the funds to accelerate its product roadmap by growing its development team, as well as increasing its presence in the US market, expanding its sales and customer success teams.
As businesses undergo digital transformation, the demand for business apps is increasing. According to a recent report, Gartner expects that 70% of new applications developed by enterprises will use low-code or no-code technologies by 2025. Enterprises use ServiceNow’s application development platform widely because it enables rapid development of stable and secure apps. However, as applications built using low-code technologies play an increasingly important role in supporting business-critical functions, there is a need for modern DevOps practices to be employed.
“ServiceNow is the most robust platform for managing IT and building 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, delay releases and lead to costly errors. It’s common practice for releases to be scheduled and performed at off-peak hours. in anticipation of downtime.”
xtypes deployment and release automation platform dramatically increases the ability of enterprises 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 synchronization technology. With xtype, app releases are automated, and new versions are deployed with one click, enabling teams to use a Continuous Delivery approach. Additionally, the platform provides 360° real-time command and control of an organization’s ServiceNow ecosystem preventing unwanted changes from being integrated into a release and providing cross-instance transparency into what has been update, where, and by whom.
“xtype helps development teams get the most out of the ServiceNow platform,” said Gidron. “Moving from manual release processes managed in spreadsheets and documents to a fully automated CI/CD pipeline allows our customers to go from deploying every few weeks up to several times a day. We find that this creates a positive feedback loop for our users, which has a far-reaching impact on everything from reducing merge conflicts and reducing downtime -deploy until increasing the quality of development and boosting employee satisfaction.”
“Hundreds of millions of business apps will be built in the next few years alone to support businesses’ digital transformation efforts,” said Jason Booma, Partner at Columbia Capital. “Traditional software development cannot meet this need, and we see solutions like ServiceNow continuing to play an important role in meeting the critical needs of the world’s largest enterprises. xtype provides tremendous value through of meeting businesses where they are and dramatically improving their ability to develop digital tools and products on their chosen platform Acting as a force multiplier for companies by boosting the productivity of their developments team means that xtype gives its customers a decisive competitive edge.”
About xtype
xtype, a deployment and release automation platform native to ServiceNow, was founded in 2020 by Ron Gidron, Peter Szulmanand Tobias Stanzel. The platform is already used by dozens of leading businesses and technology companies, including HP, Zurich Insurance, Bank of Montrealand Playtika.
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SOURCE xtype
