Steadybit, a leader in chaos engineering, today announces that it has successfully raised $6 million in Series A funding led by Paladin Capital Group.
Steadybit’s mission is to improve software reliability through chaos engineering, a practice that ensures systems are robust and resilient against unpredictable online environments.
By simulating disturbances and potential failures, Steadybit aids organisations in preempting and mitigating system vulnerabilities, enhancing overall performance and user experience.
Users of Steadybit’s platform include Salesforce, ManoMano, REWE Digital, and StackState.
This round of funding sees participation from previous investors, Boldstart Ventures, Angular Ventures, and NewForge.
Ken Pentimonti, Managing Director, Paladin Capital Group, commented:
“As digital systems become more complex and interdependent, organisations are at greater risk of failures and system outages.
Many products fail to meet customer expectations as software engineering teams are focused on releasing new features quickly rather than product reliability.
Organisations that interface with customers digitally are realising that service reliability is a key priority for growth and customer retention.
This is fueling demand for Steadybit’s continuous reliability platform powered by chaos engineering, designed to proactively reduce outages and provide visibility into distributed systems to detect issues.”
In tandem with the funding news, Steadybit is introducing a reliability advice feature which constantly monitors all information collected about the system under observation to discover potential reliability gaps.
Users are given instructions on how to fix errors and offered experiments that validate the effectiveness of those interventions, creating their own libraries of good engineering practices.
Benjamin Wilms, CEO and co-founder of Steadybit shared:
"We're thrilled to have Paladin's support as we continue to expand our offerings and redefine how organisations approach system reliability. The launch of Advice is a testament to our commitment to innovation and excellence in chaos engineering.
This feature will empower our customers to manage their systems proactively, ensuring top-tier performance and reliability."
The new funding will be support Steadybit in growing the team in product development, engineering, sales, and marketing, further solidifying Steadybit’s commitment to innovation and excellence in chaos engineering.
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