Cutover secures £25m Series B financing led by Eldridge to scale its work orchestration platform
Eldridge led the Series B round alongside existing backers Index Ventures, Sussex Place Ventures, and Contour Ventures.
Cutover provides an enterprise work orchestration and observability platform that facilitates collaboration between humans and machines. The firm helps organizations manage complex operations and digital transformation.
Cutover has secured £25m in Series B financing led by Eldridge, with continued participation from existing backers Index Ventures, Sussex Place Ventures, and Contour Ventures. The capital injection coincides with a doubling of company revenues as businesses increasingly demand digital workflow orchestration for distributed workforces.
The fresh funds will be directed toward scaling platform capacity, expanding into new verticals, and increasing investments in engineering and product development. Cutover plans to build out its capabilities in incident response and operational risk while enhancing its API connectivity and DevOps integrations.
The London-based business has scaled rapidly, nearly tripling its headcount over the past year. Having established a strong foothold in financial services, the company intends to broaden its sector reach into technology and other markets while nurturing an equitable workplace culture.
From the founder
"The pressure on business leaders to deliver more change at a faster pace, and with more resiliency, is not new. However, the move to a distributed and remote workforce has made it ever more challenging. As a result, we are seeing digital transformation and the drive to move work from analogue to digital, rising rapidly on the C-level agenda,"
Ky Nichol
CEO at Cutover
Investor perspective
"Cutover’s unique ability to enable organizations to accelerate their digital strategies with confidence drove our interest in leading this financing round,"
Michele Trogni
Operating Partner, Eldridge
Use of funds
- 01Continue product development
- 02Grow the team
- 03Expand into international markets
Investors
Michele Trogni
Eldridge
Carlos Gonzales Cadenas
Index Ventures
Sussex Place Ventures
Contour Ventures
Categories
About the company
Cutover
Cutover provides a platform for enterprise work orchestration and observability.