This milestone marks a significant leap forward in xtype's mission to revolutionise how organisations manage their ServiceNow environments.

With this new capital infusion, xtype will scale its platform, providing organisations with unmatched real-time visibility, governance, and automation for their ServiceNow instances across development, testing, and production. The funding will also fuel the expansion of xtype’s presence globally, ensuring more businesses can take complete control of their ServiceNow environments quickly and precisely.

“We are excited to have the support of such esteemed partners in both the tech and venture capital sectors. Their belief in our vision validates our approach and accelerates our mission to redefine multi-instance management for the ServiceNow platform,” said Ron Gidron, CEO and Co-Founder of xtype. “This funding validates our vision that multi-instance management is key to helping customers achieve as much value as possible from the ServiceNow platform. Our platform empowers teams to accelerate innovation, remain compliant, and increase productivity by gaining real-time insights into their entire ServiceNow ecosystem while automating complex processes to reduce risk and improve productivity.”

Driving innovation with multi-instance management

The growing complexity of managing multiple instances has become a critical challenge for mid and large enterprises. As organisations scale, managing version control, update sets, and synchronisation across development, testing, and production environments become labour-intensive and error-prone. xtype’s platform solves this problem by offering comprehensive visibility into instance differences, automated synchronisation, and governance tools that ensure secure and compliant operations at every stage.

"As a stand-out tool on the ServiceNow platform, xtype delivers immediate ROI through enhanced governance, increased team capacity and release velocity, improved quality, and backlog reduction. These strengths have attracted a growing number of Fortune 500 companies to adopt xtype," said Dave Zilberman, General Partner at Norwest Venture Partners. “But it's not only the product that is exceptional. The experienced xtype team brings a clear vision for excelling in a large and rapidly growing market. We look forward to working with xtype as they continue to deliver streamlined ServiceNow experiences and captivate new audiences.”

ServiceNow World Forum in Dallas

To showcase the latest advancements in instance management, xtype invites customers and partners to join them at the ServiceNow World Forum in Dallas, Texas on 8th October 2024. Attendees will be able to see firsthand how xtype drives the future of multi-instance management, with live demos, on-stage presentations, and in-depth discussions on improving visibility, governance, and automation for their ServiceNow environments.

“ServiceNow Ventures is proud to support xtype as the company continues to empower customers to derive as much value as possible from their ServiceNow investment,” said Victor Chang, Vice President of ServiceNow Ventures. “xtype has a deep understanding of the ServiceNow community and differentiated ability to deliver the capabilities they need most - from reducing time to value to improving governance across instances. We look forward to seeing their continued impact.”