Financial services firm Barclays revealed on Wednesday that it has joined the $17m series A round disclosed by US-based work management software provider Cutover in November 2019.
Venture capital firm Index Ventures led the series A round, which also featured Sussex Place Ventures, Contour Ventures, Partnership Fund for New York and Outrun Ventures.
Cutover has created a software platform that allows users to manage dynamic workflows with full visibility. It is a graduate of Barclays Accelerator, powered by Techstars – London, the startup accelerator backed by the bank.
Ky Nichol, Cutover’s CEO, said: “This investment from Barclays supports our mission to accelerate enterprise transformation with operational resilience.
“We are 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 analyse complex work faster, smarter and with greater visibility.”
