Solingen, Germany-based Steadybit has recently closed a significant funding round, raising $6 million in Series A financing led by Paladin Capital Group, with participation from existing investors Boldstart Ventures, Angular Ventures, and NewForge. Specializing in software reliability, Steadybit employs chaos engineering to stress test systems, helping organizations identify and address potential vulnerabilities before they escalate into critical issues. By simulating disturbances and failures, Steadybit empowers developers to bolster system resilience and ensure top-tier performance in today’s complex digital landscape.
Ken Pentimonti, Managing Director at Paladin Capital Group, highlights the growing importance of prioritizing product reliability amidst the rapid evolution of digital systems, emphasizing the need for proactive measures to mitigate risks and enhance overall system performance. Steadybit’s innovative platform not only assists DevOps teams in improving software reliability but also introduces a new feature called Reliability Advice, which monitors software performance and provides actionable insights to address reliability failure gaps. With this groundbreaking tool, organizations can proactively manage their systems, minimizing downtime and ensuring seamless operations in an ever-changing technological environment.
