Xtype, a DevOps platform that accelerates ServiceNow app development, announced Wednesday that it has raised $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. Enterprises use ServiceNow’s application development platform widely because it enables rapid development of robust 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.”
Xtype was founded in 2020 by Ron Gidron, Peter Szulman, and Tobias Stanzel. The platform is already used by dozens of leading businesses and technology companies, including HP, Zurich Insurance, Bank of Montreal, and Playtika.