This round was led by Index Ventures
Cutover, a company originated from the United Kingdom is working on Cloud-hosted workplace orchestration software. The company has informed that 17 million US dollars have been raised in series A round of funding. The leading participant was Index Ventures followed by Sussex Place Ventures, Contour Ventures, Partnership Fund for New York and Outrun Ventures.
The capital inflow was second inline as the first seed round saw 2.5 million US dollars invested in it. This round brings the amount raised by funding to 20 million US dollars. The CEO of the company, Ky Nichol was pretty happy to see the outcome of this round of financing and emphasized how this fund is going to help the company in engaging clients and the development of new products.
Nichol said, “This new category of work orchestration and observability helps turn complex sets of human and machine activities into well-orchestrated, repeatable flows of activity, enabling teams to go faster while causing fewer customer-facing incidents. It’s hard to see what’s going on across these sets of work because they are in the dark matter of the enterprise.”
The fund will be used to enhance cloud workplace orchestration tool
Amazon Web Services-hosted suite of the company is prominently employed by many international financial service providers. The list includes Barclays, Barclaycard, Schroders, Cardano, Tesco Bank, and Nationwide. The service provides them the right kind of ammunition which makes teams rehearse events, and get text, email, Slack and Skype communication when events go live.
The operators and managers can use portals and logs to see the real-time implications and take the decision for future improvement. Node Map helps teams to see and make changes in the construction plan from start to completion by just clicking on the individual task node.
