Split Raises $33 Million Series C Funding
August 25, 2020

Split announced $33 million in Series C funding to address the growing global demand for feature flags.

The new funding comes as enterprises accelerate digital transformation amid rapid economic change and transition to impact-driven software development.

Led by Comcast Ventures, the round included participation from existing investors Accel, Lightspeed Venture Partners and Harmony Venture Partners. Investors Dick Costolo and Adam Bain of 01 Advisors, Microsoft’s venture fund M12, Atlassian and ServiceNow also participated, bringing the total amount of capital Split has raised to $60 million.

“Based upon a deep belief in the importance of developer solutions, we have been tracking Split’s product and the team’s commercial progress during the past 18 months,” says Dave Zilberman, Managing Director at Comcast Ventures, who joins Split’s Board with this investment. “Split’s data integrations and enterprise functionality set it apart for enterprise-grade feature flagging and experimentation that allows software features to be measured by the business impact they make.”

Founded in 2015, Split recognizes that software is at the heart of every enterprise, and its mission is to empower product engineering teams to deliver features that have a direct and measurable impact on the business. Since then, it has emerged as the leading enterprise feature delivery platform by ensuring every feature creates a positive impact, bringing together feature flags with a data platform that can integrate into any data pipeline.

“The recent global health crisis created by COVID-19 has shifted business online, driving the demand for digital products and software. More than ever, enterprises need to deliver digital services with an expected impact,” said Brian Bell, CEO of Split Software. “We provide them the ability to release product features quickly and with maximum business impact, helping engineering teams to deliver innovative products while also improving their development cadence.”

The new funding will be used to accelerate product leadership, bring to market additional data integrations, add developer workflow integrations with leading tools and expand enterprise sales and customer success teams.

Split President and Co-Founder Trevor Stuart said, “This investment unlocks new opportunities to further integrate with the DevOps and product analytics ecosystem. This is an enormous validation from industry heavyweights that feature delivery is how software will be developed.”

Feature flag usage has spiked recently, due to the acceleration of digital transformation. With teams driven to create value for customers faster, Split’s technology allows engineering teams to immediately understand the impact of new features on applications. Split also helps developers maintain control over the user experience with monitoring and alerting to prevent application failure.

Share this

Industry News

December 03, 2020

Copado announced its Winter 21 release, providing end-to-end DevOps value stream management platform for Salesforce.

December 03, 2020

MayaData and Platform9 announced a collaboration for the deployment and operation of performance-sensitive stateful workloads on Kubernetes.

December 03, 2020

Harness announced first-class integration with Amazon Elastic Container Service (ECS) Container Orchestration, enabling mission-critical applications to run in Docker containers with less scripting and redundancy, and out-of-the-box deployment strategies.

December 02, 2020

Amazon Web Services (AWS), an Amazon.com company, announced Amazon DevOps Guru, a fully-managed operations service that uses machine learning to make it easier for developers to improve application availability by automatically detecting operational issues and recommending specific actions for remediation.

December 02, 2020

Salesforce and Slack Technologies have entered into a definitive agreement under which Salesforce will acquire Slack.

December 02, 2020

Kasten by Veeam announced Kasten K10 v3.0.

December 02, 2020

Mattermost announced the launch of Mattermost Cloud, a new SaaS platform that is designed to optimize collaboration for DevOps teams and privacy-conscious enterprises.

December 01, 2020

CloudBees announced a virtual launch event on December 10 to formally release the first two modules of its Software Delivery Management solution: CloudBees Engineering Efficiency and CloudBees Feature Management.

December 01, 2020

GitOps creator Weaveworks announced the availability of release 2.4 of Weave Kubernetes Platform (WKP).

December 01, 2020

Adaptavist has joined the Sonatype partner program as a Platinum Enterprise Partner.

November 30, 2020

Shipa is open sourcing Ketch, Shipa's deployment engine, under Apache License Version 2.0.

November 30, 2020

Portworx by Pure Storage announced its qualification and support of Portworx Enterprise for Google Cloud's Anthos on bare metal.

November 30, 2020

SnapLogic now supports SaaS contracts in AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).

November 24, 2020

Red Hat announced new capabilities and features for Red Hat OpenShift, the company's enterprise Kubernetes platform.

November 24, 2020

Sectigo released Chef, Jenkins, JetStack Cert-Manager, Puppet, and SaltStack integrations for its certificate management platform.