March 11, 2024 at 12:51PM
Steadybit, based in Solingen, Germany, has secured $6 million in Series A funding led by Paladin Capital Group, with participation from existing investors. The company uses chaos engineering to enhance software reliability by simulating disturbances and failures, helping organizations preempt and mitigate vulnerabilities. They are introducing a new feature called Reliability Advice to proactively manage system performance and reliability.
Key takeaways from the meeting notes:
– Steadybit, a company based in Solingen, Germany, has secured $6 million in a Series A funding led by Paladin Capital Group, with participation from Boldstart Ventures, Angular Ventures, and NewForge.
– The company focuses on chaos engineering to improve software reliability by simulating disturbances and potential failures to preempt and mitigate system vulnerabilities.
– The introduction of “Reliability Advice” as a new feature on the platform aims to monitor and collect data on tested software, identifying reliability failure gaps and providing instructions to address them.
– Steadybit’s platform targets DevOps, aiming to enhance code quality, reduce bugs, vulnerabilities, and breaches.
– The company was founded in 2019 and has raised a total of $13.8 million through Seed Rounds in 2020 and 2022.
These are the clear takeaways from the meeting notes. Let me know if you need further details or information.