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Transposit Secures $35M Series B to Transform Engineering Operations in the Enterprise

Sep 02, 2020•about 5 years ago

Amount Raised

$35 Million

Round Type

series b

San Francisco

Description

Transposit, the modern engineering operations company for the enterprise, today announced it secured $35 million in Series B funding, bringing total funding to $50.4 million. The investment, led by Altimeter Capital with participation from existing investors Sutter Hill Ventures, SignalFire, and Unusual Ventures, will be used by the company to expand its sales and engineering teams and build out its go-to-market initiatives. In a separate press release today, Transposit announced the next generation of its flagship platform – a unified command center for DevOps, site reliability engineers (SREs), and other on-call engineering teams to better navigate the complexities of incident management and modern operations to achieve greater velocity both during incidents and when operations are running smoothly. As enterprises around the world accelerate their digital transformation initiatives, cloud-native and “everything as a service” applications are proliferating, increasing complexity for on-call operations

Company Information

Company

Transposit

Location

San Francisco, California, United States

About

Transposit, the modern engineering operations company for the enterprise, increases application uptime and improves quality of life for engineers. Designed for complex stacks, Transposit’s platform provides a single home for operations and incidents that surfaces relevant context across human and machine activities to drive root cause analysis, shrinking mean time to resolution (MTTR). DevOps, site reliability engineers (SREs), and other on-call engineering teams use Transposit’s human-centric workflow automation to increase velocity during incidents and when operations are running smoothly. Transposit gathers all the data engineering teams need and lets them take direct action in any system in the toolchain via Slack or Transposit’s interface with the touch of a button, so they can resolve issues faster with precision. Transposit Mission Control is a unified command center with real-time visibility, streamlined communication, stakeholder dashboards, and searchable, automated documentation. The platform dynamically systematizes processes and serves interactive runbooks to guide incident triage and daily operations, reducing stress, eliminating toil, and ensuring consistency.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech