BrowserStack, the leading software testing platform, closes $200 million Series B funding at a $4 billion valuation
Dublin [Ireland], June 17 (ANI/BusinessWire India): BrowserStack today announced it has secured USD 200 million in Series B funding at a USD 4 billion valuation.
ANI
Jun 17, 2021 09:46 IST
Dublin [Ireland], June 17 (ANI/BusinessWire India): BrowserStack today announced it has secured USD 200 million in Series B funding at a USD 4 billion valuation.
The round was led by BOND, with participation from Insight Partners and existing investor Accel.
BrowserStack is the global category leader in software testing on the cloud, with 50,000 plus customers and four million+ developer signups. The investment will support BrowserStack's strategic acquisitions, expansion of its product offerings, and continued scale and growth.
Developer-first brand and category leader
Companies today need to release software with speed and quality to remain competitive. To do this, companies have to adopt DevOps, test more, and test fast. However, for most companies, testing remains the key bottleneck in the DevOps cycle.
BrowserStack's products help developers build bug-free software for the 5 billion internet users accessing websites and mobile applications through millions of combinations of digital environments - devices, browsers, operating systems, and versions. BrowserStack provides developers instant access to a cloud platform that allows them to comprehensively test their websites and mobile applications, replacing the need for teams to own and manage an in-house test infrastructure. This means development teams can focus on building quality software at speed rather than maintaining an in-house testing infrastructure that is complex to build and impossible to scale.
"As software continues to rewire everything, the bar on speed and quality continues to rise, and testing software across the expanding number of browsers and devices is a huge and expensive challenge for development teams to manage on their own," says Jay Simons, General Partner at BOND. "BrowserStack makes this simple and cost-effective, giving developers instant access to the widest range of browser and device configurations to test their applications. This product is an absolute boon for today's web and app developers."
BrowserStack's platform is used by developers in over half of the Fortune 500. Its customers include leaders such as Google, Amazon, Microsoft, Twitter, Tesco, IKEA, Spotify, Expedia, and Trivago. As a developer-first brand, BrowserStack has focused on product-led growth and is profitable since its inception.
Acquisitions, innovation, and rapid scaling
BrowserStack constantly looks for ways to simplify for developers the ever-growing complexity of testing in the DevOps cycle. With a global customer base spread across 135 countries, solving these complex problems requires innovation, creative problem-solving, a deep understanding of technology, and a world-class engineering team.
"Our engineers are solving problems that have never been solved before. You won't find a solution by searching for a code snippet on the Internet," said Nakul Aggarwal, co-founder, and CTO of BrowserStack. "We have made and will continue to make significant investments into hiring the best engineers, who can innovate and solve complex problems for developers."
In the last three years, BrowserStack has more than tripled its employee base to 750+ across seven countries and opened ten new data centers worldwide.
"BrowserStack has become a leader in the space of testing by solving some complex problems for developers," said Shekhar Kirani, Partner at Accel. "The founding team has assembled some of the best talent we have seen to build a suite of truly scalable and innovative products."
"We will continue to scale rapidly across functions to accelerate the rate at which we take new products to market. This funding will allow us to explore the different ways in which we can bring new products to market - via acquisitions, via acqui-hires, or by investing more heavily in our Product and Engineering teams," said Ritesh Arora, co-founder, and CEO of BrowserStack. "Our recent acquisition of Percy, a visual testing platform, was just the start. This funding will help us accelerate our journey to achieving our vision of becoming the testing infrastructure for the internet."
This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)
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