Spectro Cloud announced a major new release of its Palette Edge platform.
BrowserStack announced a $50 million Series A investment from Accel for a minority equity position.
The investment will fuel BrowserStack's continued commitment to being the testing infrastructure for the internet and allows the company to expand its team and raise global brand awareness.
The deal was led by Accel's Ryan Sweeney, Nate Niparko, and Shekhar Kirani, with Sweeney joining BrowserStack's board of directors.
The company also announced the opening of its new North American headquarters in San Francisco.
Founded in Mumbai, India in 2011 by serial entrepreneurs Ritesh Arora and Nakul Aggarwal, BrowserStack is a cloud web and mobile testing platform. BrowserStack enables developers to test websites and mobile applications across thousands of real mobile devices, browsers and operating systems.
As a profitable business, this is the first financing the company has received to date.
"Today's funding allows BrowserStack to invest in enhancing our testing infrastructure suite and expanding our enterprise go-to-market capabilities while maintaining our extraordinary growth trajectory; especially in the North American market where we expect to increase our presence significantly over 2018," said Arora, the company's co-founder and CEO. "Additionally, we have also added Google veteran Shailesh Rao as our Chief Operating Officer to help grow and scale our global business efforts as well as lead the San Francisco office."
"Accel has a long history of empowering developers, with investments in global companies like Atlassian, Slack and PagerDuty," said Sweeney. "Like these other great developer-oriented software businesses, BrowserStack puts an emphasis on making developers' lives easier through its powerful and intuitive products. The rapid growth of software development combined with shorter software release cycles has put an emphasis on efficient testing processes. BrowserStack is the company that makes testing fast and easy."