What is xMatters?
Founded in 2000 and headquartered in San Ramon, California, xMatters provides critical solutions designed to keep infrastructure and applications running seamlessly. Its service offerings cater to DevOps and SRE professionals, focusing on automating complex workflows and ensuring high availability. The company's robust platform addresses the dynamic needs of modern IT operations, enabling organizations to manage incidents and maintain service reliability effectively.
How much funding has xMatters raised?
xMatters has raised a total of $96.5M across 7 funding rounds:
Series A
$2M
Series B
$3.3M
Series C
$4.5M
Debt
$3M
Private Equity
$42M
Series D
$40M
Unspecified
$1.8M
Series A (2002): $2M, investors not publicly disclosed
Series B (2005): $3.3M led by JMI Equity
Series C (2007): $4.5M supported by JMI Equity
Debt (2007): $3M featuring Bridge Bank
Private Equity (2016): $42M backed by Golub Capital
Series D (2018): $40M with participation from Goldman Sachs
Unspecified (2018): $1.8M, investors not publicly disclosed
Key Investors in xMatters
JMI Equity
JMI Equity, founded in 1992 and headquartered in Baltimore, Maryland, is a growth equity firm with a clear focus on investing in leading software companies, indicating a strategic alignment with xMatters' sector.
Goldman Sachs
Goldman Sachs, a prominent global investment banking firm, brings extensive financial expertise and market access, suggesting a role in facilitating xMatters' strategic growth initiatives.
Golub Capital
Golub Capital, a specialized debt provider, likely contributed financing that supports xMatters' operational scaling and capital expenditure needs.
What's next for xMatters?
The substantial enterprise-level funding and recent strategic investment signal a strong confidence in xMatters' business model and its capacity for future expansion. This capital infusion is likely to fuel further product development, enhance its go-to-market strategies, and potentially support strategic acquisitions. The company is well-positioned to capitalize on the increasing demand for sophisticated IT operations management and automation solutions, aiming to solidify its leadership in the DevOps and SRE tooling market.
See full xMatters company page
