Cutover, a NYC-based cloud-enabled work orchestration and observability platform, secured $17m in Series A funding.
The round was led by Index Ventures with participation from Sussex Place Ventures, Contour Ventures, Partnership Fund for New York, and Outrun Ventures. In conjunction with the funding, Ari Helgason of Index Ventures is joining Cutover’s Board of Directors.
The company intends to use the funds to sharpen its client engagement, strengthen its sales organization, broaden its market reach and enhance the existing platform.
Led by Ky Nichol, CEO, Cutover provides a platform featuring tools enabling humans and machines to collaborate more effectively. It is now used in over 14 global financial services companies—including two of the top three U.S. banks by size.
Cutover’s work orchestration and observability platform helped Barclays upgrade core systems, run resilience tests on data centers, migrate platforms and enact structural reforms – all while reducing risk.