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xtype Analysis: $21M Raised

What is xtype?

xtype is a governance platform specifically designed for ServiceNow. It integrates governance directly into the ServiceNow environment, enhancing visibility, control, and compliance. This approach allows organizations to maximize their ServiceNow investment and streamline operations.
Employees
1-10
Founded
2020
Industry
Govtech, SaaS, Cybersecurity
Valuation
$21.0M
Free Plan Availability
Yes
Latest Funding Amount
$21,000,000
Latest Funding Round Size
$21.0M
Selfserve Signup
Yes

Product Features & Capabilities

  • xtype Enterprise Governance Platform for visibility and compliance
  • xtype View for real-time insights into applications
  • xtype Preflight AI Agent for validating update sets
  • automated audit trails for compliance assurance
  • orchestration tools for managing multiple ServiceNow instances.

How much xtype raised

Series A - $21.0M

Recent

Other Considerations

Notable clients include Zurich Insurance and Kwik Trip; ISO 27001 certified; Offers a free version for initial insights.

Gtm Strategy

xtype employs a hybrid go-to-market (GTM) strategy that incorporates elements of both product-led growth (PLG) and sales-led approaches.

Upon analyzing the website, it is evident that xtype emphasizes self-service access to its products, particularly with the "xtype View," which is offered for free. This aligns with PLG principles, as it allows users to experience the product's value without immediate sales interaction. The homepage features clear calls to action for product access, including options for demos and a free product, indicating a low-friction entry point for new users.

However, the absence of transparent pricing information suggests a more sales-oriented approach for their enterprise-level offerings, which may require direct contact with sales representatives. The presence of customer testimonials highlights successful implementations, indicating that while individual users can adopt the product, there is also a focus on structured sales cycles for larger clients.

Additionally, the website provides educational resources such as case studies and blogs, which support self-service learning and indicate a commitment to user education, further reinforcing the PLG aspect. Overall, xtype's strategy reflects a balance between enabling rapid user adoption through self-service options and catering to enterprise needs through a more traditional sales approach.

Reported Clients

The clients reported on xtype's website and in their case studies include:

  • Kwik Trip Inc: They utilized xtype View to gain insights into platform health across all instances.
  • Zurich Insurance Co Ltd: This client found the tool beneficial for managing development activities across their instances.
  • Canadian Imperial Bank Of Commerce: They used xtype for a streamlined view to identify discrepancies across instances.

Find more companies like xtype

US Series A startups

Financial Overview

$21MTotal Raised
Series A$21.0M
Recent
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