Cash boost for UK software start up
1 min read
Cambridge-based start up Undo Software has closed its third funding round. The $1.25million investment will be used to scale the business and support the growing adoption of its UndoDB reversible debugging software.
The funding round was actually oversubscribed this time around. Investment came from existing backers within the Cambridge Angels group and new investors, including Jaan Tallinn, one of the original founders of Skype and Kazaa, and now co-founder of the University of Cambridge-based Centre for the Study of Existential Risk.
It's been a good couple of years for Undo. In January the company announced plans to expand its workforce by over 30% and moved into new Cambridge offices, which are four times larger than its previous headquarters.
In 2013, the firm's UndoDB software was integrated into ARM's flagship development studio; DS-5 Professional Edition. The company also launched UndoDB version 4, which supports ARM processors and Android Native.
"Undo is at an exciting time in its development, and this oversubscribed funding round demonstrates the potential for the business," said ceo and co-founder Greg Law. "The support of our investors will enable us to scale the company and expand operations, grow our customer base and help more businesses speed up software development and reduce their costs."
