Undo, a pioneer in the development of new software debugging technologies, has secured a $14m Series B funding round.
Led by Cambridge Innovation Capital plc (CIC), a Cambridge-based builder of technology and healthcare companies, the funds will be used to grow Undo’s software development team, accelerate its product development and expand its US operations.
Undo’s vision is to apply its unique technology to address the emerging $1trillion software accountability problem.
For example, when the courts need to determine why a self-driving car hit a pedestrian or when a bank is asked by its regulator to explain a suspect series of trades, or when Congress wants to know what lay behind certain behaviour from a social networking website.
“The world is entering a new era where software is beginning to make decisions that underpin our lives, our livelihoods and even western democracy itself,” said Undo co-founder & CEO Greg Law.
“Software accountability is fast becoming a very big problem, now recognised by software companies, major economic players and governments.”
Undo is already setting a new standard in software debugging through its program execution capture & replay technology.
This lets vendors of complex Linux applications quickly diagnose severe software failures in test or in production and fix critical bugs that are impossible to reproduce, and therefore fix, by any other means.
Undo’s solution supports C/C++ application and it plans to use part of the funding to expand its language support to include Java, Python and others.
“This Series B funding round will allow us to scale our commercial and customer success capacity,” said Law.
“When an application crashes at a customer site, it is often impossible to obtain a complete picture of what happened.
“Yet software engineers need to know exactly what blew up where if they are going to fix the issue.
“Instead of a development team flailing around leaving clients irate whilst they are waiting for a vital fix, engineers can capture critical production failures ‘in the act’ in the form of a recording, turning failures into 100 per cent reproducible events.
“The recording can then be analysed using Undo’s reverse-debugger either at the customer site or back at base.”
CIC CEO Victor Christou said: “Undo is typical of the sort of business in which CIC invests. It has innovative technology, which addresses the challenges brought about by the problem of software accountability.
“Undo has built a commercially applicable solution to a real market need and is a testament to the high calibre of businesses that are flourishing in the Cambridge cluster.
“We are very pleased with the progress Undo has made since we first invested in 2015 and are delighted to continue to support the business as it gains further commercial traction.”
Undo’s products are used by many of the world’s biggest software companies including SAP, Micro Focus and Mentor Graphics, and its technology has received numerous awards, including the ARM ‘Best Software Product’ and the Gartner ‘Cool Vendor’ awards.