Xtype raises $21 million Series A for ServiceNow management platform
The company’s multi-instance management platform for ServiceNow provides real-time visibility, governance, and automation capabilities to simplify and accelerate delivery and compliance.
Xtype, which develops multi-instance management on the ServiceNow platform, announced that it has raised a $21 million Series A funding round led by Norwest Venture Partners, with participation from ServiceNow Ventures and existing investors including Columbia Capital and Inner Loop Capital.
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Founded in 2020 by CEO Ron Gidron, Peter Szulman, and Tobias Stanzel, Xtype has offices in Tel Aviv, Austria, and California. The company’s multi-instance management platform for ServiceNow provides real-time visibility, governance, and automation capabilities to simplify and accelerate delivery and compliance.
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"We are excited to have the support of such esteemed partners in both the tech and venture capital sectors. Their belief in our vision validates our approach and accelerates our mission to redefine multi-instance management for the ServiceNow platform," said Ron Gidron, CEO and co-founder of Xtype. "This funding validates our vision that multi-instance management is key to helping customers achieve as much value as possible from the ServiceNow platform. Our platform empowers teams to accelerate innovation, remain compliant, and increase productivity by gaining real-time insights into their entire ServiceNow ecosystem while automating complex processes to reduce risk and improve productivity."
