With many global banks and wider financial services firms already on board, this new wave of funding will increase Cutover’s development capability fourfold while supporting the company’s rapid expansion into new verticals.
The investment will also support Cutover’s offering to solve some of the most fundamental challenges for enterprise such as migrating to a hybrid cloud model, wider digital transformation, automating and evolving operational resilience practices and managing ongoing tech change without failures.
“As an alumnus of the Barclays accelerator program, we have seen first-hand the evolution of the Cutover platform. We are pleased to be deepening our relationship with Cutover as we continue to deliver our digital transformation with added pace and resilience.” – Janhavi Rao, CTO of Barclays
Cutover is leading the way in a new emerging category of tools that are helping humans and machines to collaborate more effectively. With Cutover, teams can improve processes and reduce the risk of failure across a variety of use cases for financial institutions including:
“This investment from Barclays supports our mission to accelerate enterprise transformation with operational resilience. We’re focused on building our product development, client teams, and prototyping exciting new areas of Cutover in partnership with clients. Our ultimate aim is to empower teams to plan, orchestrate, and analyze complex work faster, smarter, and with greater visibility.” – Ky Nichol, CEO of Cutover