Undo Software secures $1.25m from Cambridge Angels group and Skype entrepreneur
Reversible debugging specialist set to expand operations and sales following Series C round
Debugging software provider Undo Software has raised $1.25m growth capital, its third funding round, in a deal led by existing investors from angel network Cambridge Angels and new investor, Jaan Tallinn, co-founder of Skype, Kazaa and the Centre for the Study of Existential Risk.
Established in 2005, Cambridge-based Undo Software offers solutions for reversible debugging of Linux and Android Software to help developers record and rewind code in real-time to find bugs quicker and save on finding and removing bugs; a cost which Cambridge University estimates at $312bn annually.
It says its main offering, ‘UndoDB’, allows customers across multiple vertical market segments to reduce software development debug from weeks to minutes while improving “productivity, time to market, and brand reputation”.
The funding will go towards further development of its UndoDB software with the goal to help scale the business.
Greg Law, Undo Software CEO and co-founder, discussed plans for the investment:
“Undo is at an exciting time in its development, and this oversubscribed funding round demonstrates the potential for the business.
“The support of our investors will enable us to scale the company and expand operations, grow our customer base and help more businesses speed up software development and reduce their costs.”
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New backer Tallinn, part of Skype and Kazaa’s original founding team, added:
“What attracted me to Undo was the sheer usefulness of its software, combined with the strength of the management team’s vision for growing the business.
“In my career as a developer I’d have loved to have had access to UndoDB, and with software now critical to the world around us, the addressable market for this technology is potentially huge.”