Nx Raises $8.6M In Seed Funding

Narwhal Technologies Inc, the Gilbert, AZ-based company behind the open source build system Nx, raised $8.6M in Seed funding.

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The round was co-led by Nexus Venture Partners and A16z with participation from several prominent angel investors.

The company intends to use the funds to expand its Open Source ecosystem and subscription products, Nx Cloud and Nx Enterprise.

Led by CEO Jeff Cross, Nx provides a tool for managing complex JavaScript monorepos, grossing more than 12 million downloads on npm per month. The team recently took over the 2nd most popular tool in the space, Lerna, with the company’s footprint accounting for more than 75% of JavaScript monorepo tool usage, measured by npm downloads. From startups to enterprise, JavaScript development teams at organizations of all shapes and sizes are recognizing the benefits of developing code in monorepos: single source code repositories containing source code for many teams, applications, and libraries. Monorepos help teams increase compatibility and collaboration across projects, helping to avoid duplication of code, and ship products faster. But without proper tooling, monorepos can be difficult to manage both from an organizational perspective, and a performance perspective. Nx gives teams the tools they need to cohabitate happily, while helping keep builds and tests fast, even as the codebase grows. Teams can use Nx’s commercial product, Nx Cloud (nx.app), to speed up their automated processes even more using its Distributed Computation Caching and Distributed Task Execution.

FinSMEs

22/11/2022