Skype co

Undo Software, the company behind a rapidly growing reversible debugging tool, has decided to lift the lid on a funding round for the first time by announcing that it has raised $1.25 million from Cambridge Angels and new investor, Jaan Tallinn, one of the principal engineers involved in creating internet call service, Skype.

The company has previously raised money from Cambridge Angels, but decided the figures undisclosed so as not to distract from the work of the company, which unlike many software startups was generating early revenues.

Earlier this year it moved into much larger new offices and has also clinched a series of deals including with CAD pioneer, Mentor Graphics, and the world's leading chip designer, Arm, who integrated the UndoDB software into its flagship software development studio, the ARM DS-5 Professional Edition.

Undo has previously announced plans to increase its workforce by 30 per cent this year, which it can now do with the proceeds from what it says was an oversubscribed funding round.

The company's software is focused on Linux and Android systems, offering a record-and-replay reversible debugging software that allows programers to rewind their code in real-time to find bugs faster than they can either do now or than existing reversible debugging tools.

Tallinn, who is also linked to Cambridge through the Artificial Intelligence (AI) watching station, the Centre for the Study of Existential Risk, said he was impressed by the Undo team and software, which he wished he could have used when he was developing software.

He said: "In my career as a developer I'd have loved to have had access to UndoDB, and with software now critical to the world around us, the addressable market for this technology is potentially huge."

Huge indeed. Undo cite Cambridge University research that claims finding and removing bugs from software now costs $312 billion every year world did, taking up half the development time of the average project.

"Undo is at an exciting time in its development, and this oversubscribed funding round demonstrates the potential for the business," said Greg Law, CEO and co-founder of Undo. "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."

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