Steadybit, a Solingen, Germany-based company which specializes in chaos engineering, raised $6M in Series A funding.
The round was led by Paladin Capital Group, with participation from previous investors, Boldstart Ventures, Angular Ventures and NewForge.
The company intends to use the funds to grow the team in product development, engineering, sales, and marketing.
Led by Benjamin Wilms, CEO, Steadybit works to improve software reliability through chaos engineering, a vital practice that ensures systems are enhanced and resilient against unpredictable online environments. By simulating disturbances and potential failures, it aids organizations in preempting and mitigating system vulnerabilities, enhancing overall performance and user experience. Companies such as Salesforce, ManoMano, REWE Digital and StackState already use its chaos engineering platform to protect their customers from disruption.
In tandem with the funding news, Steadybit introduced a new feature to its platform – ‘Reliability Advice’. The feature constantly monitors all information collected about the system under observation to discover potential reliability gaps. Users are given instructions on how to fix errors and offered experiments that validate the effectiveness of those interventions, creating their own libraries of good engineering practices.
Commenting on the news, Benjamin Wilms said: “The launch of Advice is a testament to our commitment to innovation and excellence in chaos engineering. This feature will empower our customers to manage their systems proactively, ensuring top-tier performance and reliability.”
FinSMEs
13/03/2024