Split, a Redwood City, Calif.-based feature delivery and experimentation platform, raised $50m in Series D funding.
The round, which brought total funding to $110m of which $83m was raised within the past year, was led by Owl Rock, a division of Blue Owl Capital, with participation from Northgate Capital and existing investors including Accel, Lightspeed Venture Partners, Harmony Partners, Microsoft’s venture capital fund M12, Atlassian Ventures, and ServiceNow.
The company intends to use the funds for:
- product innovation for its feature delivery and experimentation platform, bringing to market new capabilities that software development teams need to rapidly develop new features, make informed product decisions, and generate customer value with every release, and
- accelerate go-to-market functions to meet demand for its platform, including international investments to continue providing service and support to global customers such as ABN AMRO Bank, Qantas, Cazoo, Naranja, Swedbank, Mobiliar, and ABYAT.
Led by Brian Bell, CEO, and Trevor Stuart, President, Split provides a Feature Delivery and Experimentation Platform for enterprises that want to release features as fast as they can. Its fine-grained management, real-time monitoring, and data-driven experimentation ensure that new features improve the customer experience without breaking or degrading performance. Split ingests performance data and runs real-time statistical analyses on every new feature so that engineering teams can respond immediately to bad releases, measure changes in user experience, and build high-quality software.
Split’s solution and technology partners include Microsoft, Atlassian, Amplitude, Datadog, and FullStory.
FinSMEs
18/08/2021