Steadybit Company Profile

Background

Steadybit, founded in 2019 and headquartered in Solingen, Germany, specializes in chaos engineering to enhance software system resilience. The company offers a platform that enables Site Reliability Engineers (SREs), DevOps teams, and developers to proactively test and improve system reliability by simulating disruptions and identifying vulnerabilities before they impact production environments.

Key Strategic Focus

Steadybit's strategic focus centers on providing a comprehensive chaos engineering platform that integrates seamlessly into existing workflows. Key objectives include:

• Proactive Reliability Testing: Enabling teams to identify and mitigate potential system failures through controlled experiments.

• Extensibility: Offering open-source extension kits to customize the platform for various tech stacks.

• Integration: Supporting integration with continuous integration/continuous deployment (CI/CD) pipelines and observability tools to facilitate continuous reliability assessments.

Financials and Funding

Steadybit has secured significant funding to support its growth:

• Seed Funding (September 2022): Raised $7.8 million in a round led by Boldstart Ventures, with participation from Angular Ventures and New Forge.

• Series A Funding (March 2024): Secured $6 million led by Paladin Capital Group, with continued support from previous investors.

The capital is intended for product development, engineering, sales, and marketing expansion.

Technological Platform and Innovation

Steadybit's platform offers several innovative features:

• No-Code Experiment Editor: Allows users to design and execute reliability tests without prior programming experience.

• System Complexity Management: Provides visualization of software dependencies to identify potential failure scenarios.

• Blast Radius Controls: Enables safe testing practices by limiting the scope of experiments.

• Open-Source Extension Kits: Facilitates customization and integration with various tools and environments.

• CI/CD Integration: Supports seamless incorporation of reliability tests into development pipelines.

Leadership Team

• Benjamin Wilms: CEO & Co-Founder

• Johannes Edmeier: Co-Founder

• Nils Wloka: Chief Product & Technology Officer

• Lucas Rincon: Director of Sales

• Louis Metz: Account Executive

• John Garbarino: Sales Engineer

• Manuel Gerding: Product Manager

• Guenda Patron: Product Designer

• Patrick Londa: Head of Marketing

• Summer Lambert: Marketing

• Petty Yancey: Team Assistant & Back Office

• Antoine Choimet: Staff SRE

• Ansgar Schulte: Software Engineer

• Daniel Reuter: Software Engineer

• Norbert Schneider: Software Engineer

• Simon Thiele: Software Engineer

Competitor Profile

Market Insights and Dynamics

The chaos engineering market is experiencing growth as organizations prioritize system reliability. The increasing complexity of software architectures, including multi-cloud environments and microservices, drives demand for solutions that can proactively identify and mitigate potential failures.

Competitor Analysis

Key competitors include:

• Gremlin: Offers a chaos engineering platform focusing on resilience testing.

• ChaosNative: Provides tools for chaos engineering in Kubernetes environments.

• Blameless: Specializes in reliability engineering and incident management solutions.

These companies offer similar services, emphasizing the importance of proactive reliability testing in modern software development.

Strategic Collaborations and Partnerships

Steadybit has established significant partnerships to enhance its platform:

• LoadRunner Enterprise Integration: Collaborated with LoadRunner to integrate chaos testing into performance testing routines, allowing for comprehensive resilience assessments.

• Postman Integration: Integrated with Postman to incorporate API testing capabilities into chaos engineering experiments.

Operational Insights

Steadybit differentiates itself through:

• User-Friendly Interface: The no-code experiment editor makes chaos engineering accessible to non-experts.

• Extensibility: Open-source extension kits allow customization for various tech stacks.

• Comprehensive Safety Features: Blast radius controls and environment segmentation ensure safe testing practices.

Strategic Opportunities and Future Directions

Steadybit aims to:

• Expand Product Offerings: Develop new features and integrations to address emerging challenges in system reliability.

• Grow International Presence: Leverage recent funding to enter new markets and industries.

• Enhance AI Capabilities: Incorporate artificial intelligence to automate and optimize reliability testing processes.

Contact Information

For more information, visit Steadybit's official website.