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99X Technology

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Global product engineering services for digital products

Colombo, Sri LankaFounded 2000Home Living
Headcount 500–1k Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for 99X Technology and the history behind them.

About 99X Technology

99x is a global technology company that specializes in high-quality software product engineering and technology innovation. Founded in 2004 by Mano Sekaram in Sri Lanka, the company began by targeting international markets, particularly Scandinavia, to build and deliver commercial software products. Over the years, it has developed over 150 digital products for its clients.

The firm is headquartered in Norway and has a significant presence in Sri Lanka, with a global team of over 600 employees across offices in Malaysia, Brazil, and Portugal. In December 2023, founder Mano Sekaram stepped down as CEO and transitioned to the role of Chairman of the Board for the Sri Lankan and Australasian operations, with Hasith Yaggahavita, a founding member and former CTO, taking over as CEO of 99x.

99x's business model is centered on serving as a long-term, collaborative partner for Independent Software Vendors (ISVs), moving beyond a simple vendor relationship to become an integral part of their clients' research and development teams. The company provides end-to-end services, including full-stack development, cloud enablement, mobile applications, and machine learning solutions. They offer facilitated teams that assist clients with capacity, competence, and cost-effectiveness, co-creating products to achieve market fit. Recently, 99x has made significant advancements in Agentic AI with its proprietary orchestrator platform, Xians.ai, which is used across industries like finance, legal, and insurance for enterprise automation.

The company's growth strategy includes both organic expansion and strategic acquisitions. This was accelerated by a 2021 investment from Norwegian private equity, which led to the establishment of its Norwegian headquarters and a series of acquisitions, including companies in Norway, Brazil, and Portugal.

Source: Dealroom company data

At a glance

Founded
2000
Headquarters
Colombo, Sri Lanka
Sector
Home Living

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • Herkules Capital
Team profiled 34 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
9 countries with
team presence
🇱🇰 Sri Lanka88.5%
🇳🇴 Norway2.9%
🇲🇾 Malaysia2.5%
🇧🇷 Brazil1.4%
🇵🇹 Portugal1.4%
Top 5 of 9 shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about 99X Technology on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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