Kubiya.ai announces the launch of its DevOps Digital Agents.
xMatters closed $42 million in long-term financing with Golub Capital Late Stage Lending group.
“In the last several years we have delivered 17 consecutive quarters of recurring revenue growth as our customers transition toward the agile, lean methodologies necessary to support their digital aspirations,” said Troy McAlpin, CEO of xMatters. “We have recently opened several new global data centers, and are very well-positioned to continue expanding our operations, accelerating our growth, and investing further in developing new tools and applications to benefit our customers. Golub Capital and JMI Equity have provided us with a long-term strategy to drive our current and future expansion plans.”
In this recent quarter alone, xMatters added 40 new global customers to its cloud service and observed a 35 percent year-over-year revenue increase, as well as a dollar-value customer retention level of over 96 percent. Recently named one of the Best Workplaces by Fortune, xMatters has optimized its customer service process to respond in a median time of less than two minutes, with 91 percent of all customer support tickets closed in one business day or less. It also achieved 99.98 percent uptime globally, with rates as high as 100 percent in several regions.
“xMatters is a rapidly-growing market leader in providing enterprises with critical incident communication and resolution tools,” said Peter Fair, Managing Director at Golub Capital. “The company’s solutions demonstrate a proven ROI in a world where downtime and disruptions have immediate, negative impacts on a company’s bottom-line. We couldn’t be more pleased to be partnering with JMI Equity and xMatters management to help drive the company’s continued momentum.”
“We have seen xMatters continue to invest wisely and grow over the last few years, improving major incident management and DevOps processes for enterprises globally,” said Peter Arrowsmith, General Partner at JMI Equity. “We are pleased to partner with Golub Capital in supporting xMatters’ continued strong trajectory in the years ahead.”
Industry News
Aviatrix® introduced Aviatrix Distributed Cloud Firewall for Kubernetes, a distributed cloud networking and network security solution for containerized enterprise applications and workloads.
Stride announces the general availability of Stride Conductor, its new autonomous coding product that transforms the software development landscape.
CircleCI unveiled CircleCI releases, which enables developers to automate the release orchestration process directly from the CircleCI UI.
Fermyon™ Technologies announces Fermyon Platform for Kubernetes, a WebAssembly platform for Kubernetes.
Akuity announced a new offer targeted at Enterprises and businesses where security and compliance are key.
New Relic launched new capabilities for New Relic IAST (Interactive Application Security Testing), including proof-of-exploit reporting for application security testing.
OutSystems announced AI Agent Builder, a new solution in the OutSystems Developer Cloud platform that makes it easy for IT leaders to incorporate generative AI (GenAI) powered applications into their digital transformation strategy, as well as govern the use of AI to ensure standardization and security.
Mirantis announced significant updates to Lens Desktop that makes working with Kubernetes easier by simplifying operations, improving efficiency, and increasing productivity. Lens 2024 Early Access is now available to Lens users.
Codezero announced a $3.5 million seed-funding round led by Ballistic Ventures, the venture capital firm dedicated exclusively to funding entrepreneurs and innovations in cybersecurity.
Prismatic launched a code-native integration building experience.
Check Point® Software Technologies Ltd. announced its Check Point Infinity Platform has been ranked as the #1 Zero Trust Platform in the latest Miercom Zero Trust Platform Assessment.
Tricentis announced the launch and availability of SAP Test Automation by Tricentis as an SAP Solution Extension.
Netlify announced the general availability of the AI-enabled deploy assist.
DataStax announced a new integration with Airbyte that simplifies the process of building production-ready GenAI applications with structured and unstructured data.