UPDATED 03:00 EDT / JUNE 03 2020

CLOUD

Work orchestration platform startup Cutover adds Barclays as an investor

Work orchestration and observability platform startup Cutover announced today it has added Barclays plc as an investor into its $17 million Series A round to increase its development capability while supporting its expansion into new verticals.

Founded in 2013, Cutover, formally known as Godesic Ltd., offers a platform designed to provide full organizational visibility into dynamic flows of work, bringing them out of what the company describes as the “dark matter of the enterprise” to enable teams to move quickly with confidence.

Cutover’s platform is designed to solve challenges for enterprise such as migrating to a hybrid cloud model, wider digital transformation, automating and evolving operational resilience practices, and managing ongoing tech change without failures. The platform eliminates approaches such as static spreadsheets and weekend calls so that teams can accomplish work more effectively. Cutover says its solution allows enterprises to plan, orchestrate and audit human and automated activities that drive critical events, such as technology releases, resilience testing, operational readiness and major incident recovery.

Use cases include managing technology changes such as migration to a hybrid cloud model, data center migration and wider transformation programs. It also enables continuous transformation support, including planning, execution and analysis; operational resilience practices to respond, recover and test resilience to allow enterprises to recover quickly when things go wrong; and operational readiness designed to provide dynamic process orchestration for critical sets of work such as market readiness, initial public offerings and system validation.

Clients include Barclays, Accenture plc, Deloitte Touche Tohmatsu Ltd., Tesco Bank, Cardano, Schroders plc and Cambridge Management Consulting.

“This investment from Barclays supports our mission to accelerate enterprise transformation with operational resilience,” Chief Executive Officer Ky Nichol said in a statement. “We’re focused on building our product development, client teams, and prototyping exciting new areas of Cutover in partnership with clients. Our ultimate aim is to empower teams to plan, orchestrate and analyze complex work faster, smarter and with greater visibility.”

Previous investors include Partnership Fund for New York City, Sussex Place Ventures, Contour Venture Partners, Index Ventures and Techstars. The company has raised $19.6 million to date.

Image: Cutover

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