Steadybit Secures $6M in Funding; Introduces 'Advice' Feature

Steadybit, a company working in the in chaos engineering space, has announced a successful $6 million Series A funding round, led by Paladin Capital Group. This represents a pivotal step in the company's global expansion efforts.

The core aim of Steadybit is to enhance software dependability via chaos engineering. This essential technique tests systems' durability and resilience in the face of unpredictable online challenges. Through creating simulations of disturbances and possible breakdowns, Steadybit assists organisations in anticipating and addressing system weaknesses, thus improving performance and the end-user experience. Prestigious firms such as Salesforce, ManoMano, REWE Digital, and StackState have already incorporated Steadybit's chaos engineering solutions to safeguard their customer experiences from potential interruptions.

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 fuelling 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. We’re pleased to be supporting the company as it invests in product development and extends its commercial reach internationally.”

In tandem with the funding news, Steadybit is excited to introduce a groundbreaking feature to its platform - 'Reliability Advice’. The feature 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.

"We're thrilled to have the support of Paladin as we continue to expand our offerings and redefine how organisations approach system reliability," said Benjamin Wilms, CEO and co-founder of Steadybit. "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."

This round of funding sees participation from previous investors, Boldstart Ventures, Angular Ventures and NewForge, showing ongoing confidence in Steadybit's vision and strategy. The new funding will be used to support efforts in growing the team in product development, engineering, sales, and marketing, further solidifying Steadybit’s commitment to innovation and excellence in chaos engineering.

Gil Dibner, Angular Ventures, commented: "We are delighted to continue to back the Steadybit team as they build the world's leading chaos engineering and resiliency platform. Because it enables devs and ops to easily implement best-in-class reliability practices across complex application architectures, Steadybit is poised to revolutionise and democratise the way organisations ensure that their critical applications are always up and running."