Split Software, a US-based feature delivery and experimentation startup fuelling engineering groups to create compelling products, has secured US$ 50 million in a Series D funding round led by Owl Rock Capital on 17 August 2021.
Investors: The latest funding round featured Owl Rock Capital as the lead investor with participation from Accel, Lightspeed Venture Partners, Northgate Capital, Harmony Partners, ServiceNow, Atlassian Ventures, M12- Microsoft’s Venture Fund. The startup has managed to raise, in total, US$ 110 million to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards implementing its global growth vision of stimulating development flexibility and data-driven innovation at a business level.
About Split Software
Established in 2015 by Adil Aijaz, Patricio Echague, Trevor Stuart, Split Software offers impactful solutions to solve the significant obstacles faced by businesses. It aids the product and engineering departments mitigate risk and deferrals associated with software releases, precluding misused resources on attributes that devalue customer satisfaction. Split Software plans to increase the pace of go-to-market activities to meet the rising demand for its interface, comprising worldwide investments to continue offering high-end and top-notch services and assistance to global clients such as ABYAT, Swedbank, ABN AMRO Bank, Mobiliar, Cazoo, Qantas and Naranja.
What the Founder has to say: “Split Software has emerged as a pivot of a developing ecosystem of collaborators who rely on Split to offer feature context and command. Currently, around 67% of our clients meld Split with one of our tech collaborators. We wish to establish more alliances and integrate with corporations to provide better service to our clients finally.”- Trevor Stuart, President and Co-Founder of Split Software.
What the Investors have to say: “We have observed an increased demand for the solutions offered by Split as enterprises advance towards highly-iterative, constant growth processes to be competitive and drive product innovation. A great market opportunity exists for Split as corporations across major domains pay more heed to their digital intercourse with final-users to maintain and earn high revenue.”- Pravin Vazirani, Managing Director of Owl Rock Capital. “It is exhilarating to join hands with Split Software, a corporation possessing a mix of a highly proficient management team and a high-potential software interface which enhances the quality of customer experience besides transforming how DevOps teams release and scale software attributes.”- Justin Stebbins, Partner and Co-Head of Direct Investments, Northgate Capital.
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