London-based Cutover, which provides a self-proclaimed ‘work orchestration and observability platform’, said this morning that Barclays has joined Index Ventures in the $17 million Series A funding round the company announced last November.
The company aims to empower teams within organisations to plan, set up and audit complex work flows, thus improving collaboration and efficiency.
The UK bank’s interest stems from the fact that Cutover already works with a number of global banking and financial services companies, though the startup says it will use the extra capital to break into new verticals more rapidly. Cutover is also an alumnus of the Barclays accelerator program.
Cutover was founded in 2015 and has offices in Shoreditch and NYC.