Cutover, the first enterprise-wide work orchestration and observability platform that enables seamless human and machine collaboration, today announced the final close of its $35 million Series B financing round, led by Eldridge and joined by investors Index Ventures, Sussex Place Ventures and Contour Ventures following on. The close brings together investment from Partnership Fund for New York City and Outrun Ventures, together with investors Cris Conde, Gokul Rajaram and Andy Brown.
Having broken the news of its Series B initial funding earlier in March, the close of Cutover’s investment round will allow the organization to ramp up product, engineering and customer service capabilities as the company’s clients continue to rely on Cutover to automate and orchestrate critical, timebound work across the enterprise, delivering complex releases, operational resilience and attaining constant availability of applications. The investment allows Cutover to double its capacity in engineering and product, building an evolving platform best suited to the rapid pace of change in today’s industry. Focus areas include incident response and operational risk, providing increasing open API connectivity to allow customers to easily incorporate Cutover into wider workflows and enhancing its integrations.
Read full article