xtype Raises $5.8 Million Seed to Accelerate ServiceNow App Development for Enterprises

The company will use the funds to accelerate its product roadmap by growing the development team, as well as increase its presence in the US market, expanding its sales and customer success teams. As enterprises undergo digital transformation, the need for business apps has skyrocketed. According to a recent report, Gartner expects that 70% of new applications developed by enterprises will use low-code or no-code technologies by 2025. Enterprises widely use ServiceNow's application development platform as it enables the rapid development of robust and secure apps. However, as applications built using low-code technologies take on an increasingly important role in supporting business-critical functions, there is a need for modern DevOps practices to be adopted.