Nx, a startup that simplifies software development with a single code repository, announced that it has secured $16M (approximately €15M) in a Series A round of funding.
The funding round, led by Nexus Venture and a16z, will be used to expand Nx Cloud, a fully managed product designed to replace tools such as Jenkins.
The announcement comes ten months after raising $8.6M in a seed funding round co-led by Nexus Venture Partners and Andreesen Horowitz.
The company is investing in its SaaS revenue and expanding its enterprise customer base. Nx says it is actively hiring to meet the growing demand for its services with a substantial funding runway of over two years.