Testim Raises $10 Million in Series B Funding
June 12, 2019

Testim closed $10 million in Series B funding to address the global demand for continuous testing allowing development teams to move at the speed of business without compromising software quality.

This funding round was led by SignalFire. Meron Capital and existing investors Lightspeed Venture Partners, NHN Ventures and Spider Capital also participated in the round, bringing the total amount of capital Testim has raised to $19.5 million.

"To remain competitive, software teams must move faster than ever," said Oren Rubin, founder and CEO of Testim. "We are helping them test more with much less effort, reducing their release risk and increasing their velocity to market."

Software releases that were once planned on a monthly basis now occur weekly with updates almost every day. Application development organizations are using AI-enabled test automation to streamline the software testing process at each stage of the DevOps lifecycle. The shift to AI-based testing is being driven by the need for continuous and faster development that does not compromise the quality of the delivered software.

Rubin continued, "When Testim was founded, our goal was to enable software teams to author tests 20 times faster than before. No one believed it was possible but by continuously innovating and leveraging new technologies, we met that goal. Now, we have a more ambitious one - to author 150 times faster through autonomous testing."

Testim's platform, which uses artificial intelligence to speed up test authoring and dramatically reduce test maintenance, ensures that companies can sustain a fast release cadence with the highest quality software. The new funding will also bring to market Testim's mobile app test automation platform, which is in early access.

"We invested in Testim early because we recognized its leadership and innovation in the fast-growing test automation space," said Ilya Kirnos, founding partner and CTO of SignalFire. "We've already seen Testim win customers like Autodesk, NetApp, LogMeIn, Sprinklr and JFrog. With 700 percent market growth in less than two years, Testim is on track to disrupt the $37 billion testing market with its technology innovation."

Ronit Belson recently joined Testim as its chief operating officer. She brings startup and enterprise experience from the DevOps space, leading companies and teams at Cloudmeter (acquired by Splunk), OpTier (acquired by SAP) and Rollout.io. Belson's background in scaling high performing teams will support Testim's plans to grow operations in North America and attract new hires across all departments including engineering, product, sales, marketing and customer success.

Share this

Industry News

September 24, 2020

NetApp announced the availability of Elastigroup for Microsoft Azure Spot Virtual Machines (VMs).

September 24, 2020

CloudBees announced a robust new set of DevSecOps capabilities for CloudBees CI and CloudBees CD. The new capabilities enable customers to perform early and frequent security checks and ensure that security is an integral part of the whole software delivery pipeline workflow, without sacrificing speed or increasing risk.

September 24, 2020

Pulumi announced the release of a Pulumi-native provider for Microsoft Azure that provides 100% coverage of Azure Resource Manager (ARM), the deployment and management service for Azure that enables users to create, update and delete resources in their Azure accounts.

September 23, 2020

Puppet announced new Windows services, integrations and enhancements aimed at making it easier to automate and manage infrastructure using tools Windows admins rely on. The latest updates include services around Group Policy Migration and Chocolatey, as well as enhancements to the Puppet VS Code Extension, and a new Puppet PowerShell DSC Builder module.

September 23, 2020

Red Hat announced the release of Red Hat OpenShift Container Storage 4.5, delivering Kubernetes-based data services for modern, cloud-native applications across the open hybrid cloud.

September 23, 2020

Copado, a native DevOps platform for Salesforce, has acquired ClickDeploy.

September 22, 2020

CloudBees announced general availability of the first two modules of its Software Delivery Management solution.

September 22, 2020

Applause announced the availability of its Bring Your Own Testers (BYOT) feature that enables clients to manage their internal teams – employees, friends, family members and existing customers – and invite them to test cycles in the Applause Platform alongside Applause’s vetted and expert community of testers.

September 22, 2020

Kasten announced the integration of the K10 data management platform with VMware vSphere and Tanzu Kubernetes Grid Service.

September 21, 2020

PagerDuty entered into a definitive agreement to acquire Rundeck, a provider of DevOps automation for enterprise.

September 21, 2020

Grafana Labs announced the release of Grafana Metrics Enterprise, a modern Prometheus-as-a-Service solution designed for the scale, architecture, and security needs of enterprises as they expand their observability initiatives.

September 21, 2020

Portshift's Cloud Workload Protection platform is now available through the Red Hat Marketplace.

September 17, 2020

env0, a developer of Infrastructure-as-Code (IaC) management software, announced the availability of its new open source solution for Terraform users, Terratag.

September 17, 2020

Push Technology announced a partnership with Innova Solutions, an ACS Solutions company, specializing in global information technology services.

September 17, 2020

Alcide achieved the AWS Outposts Ready designation, part of the Amazon Web Services (AWS) Service Ready Program.