The e-commerce platform secured backing from GMCA, DSW Angels, and management to accelerate global growth.
"Shopblocks offers much greater flexibility than other platforms which rely on standard templates. Our technology allows users to achieve a 'custom-built' look at a fraction of the cost. As more people discover the benefits, we are continuing to win customers from the bigger platforms. This latest funding round will support us in our mission to become the leading website platform in the UK and build our presence worldwide."
The Belfast based software firm raised the seed capital from Frontline Ventures, MMC Ventures, and Techstart Ventures.
"We believe that the concept of provenance will play a defining role in the future of software security and quality. All companies need end-to-end visibility and control of the assets in their software pipelines. It’s important to have the support of Frontline and MMC as we enter this critical stage in Cloudsmith’s growth,"
Index Ventures led the Series A financing, which will support Cutover in scaling its sales organisation and enhancing product capabilities.
"This new category of work orchestration and observability helps turn complex sets of human and machine activities into well-orchestrated, repeatable flows of activity, enabling teams to go faster while causing less customer-facing incidents,"
The Series B round was led by Temasek and the Scottish Investment Bank to fund the development of mobile-ready LiFi components.
"Device manufacturers are looking for new ways to provide devices with faster, more reliable and secure connectivity. LiFi is the natural next step in the evolution of global wireless communications and pureLiFi is leading the way to provide this technology to the market."
