What is 99X Technology?
Founded in 2000 and headquartered in Colombo, Sri Lanka, 99X Technology specializes in providing comprehensive software product engineering services. The company partners with independent software vendors (ISVs) to accelerate their product development and market delivery. Its long-standing presence in the industry highlights a deep understanding of the software development lifecycle and a commitment to fostering innovation for its clients.
How much funding has 99X Technology raised?
99X Technology has raised a total of $20M across 1 funding round:
Private Equity
$20M
Private Equity (2021): $20M with participation from Herkules Capital
Key Investors in 99X Technology
Herkules Capital
Herkules Capital is a prominent private equity fund with over USD 2 billion in committed capital, focusing on established Nordic companies with strong growth potential. Their investment in 99X Technology suggests a strategic alignment with the company's expansion and market development objectives.
What's next for 99X Technology?
The recent major strategic investment signals a new phase of growth for 99X Technology. This capital infusion is expected to fuel further development of its service offerings, potentially expanding its global reach and enhancing its technological capabilities. The company is poised to leverage this strategic backing to solidify its market leadership and pursue new opportunities in the dynamic enterprise software landscape.
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