Testim Raises $10 Million in Series B Funding

Source: testim.io

Testim, a provider of AI-based software testing solutions, announced it has closed a $10 million Series B funding.

The round, which brought the total amount raised to date to $19.5 million, was led by SignalFire, with participation from Meron Capital and existing investors Lightspeed Venture Partners, NHN Ventures and Spider Capital.

The company intends to use the funds to grow operations in North America, attracting new hires across all departments including engineering, product, sales, marketing and customer success, and bring its mobile app test automation platform, which is in early access, to market.

Founded in late 2014 by Oren Rubin, CEO, and also led by Ronit Belson, COO, Testim enables companies to accelerate time-to-market, improve software quality via an AI based platform, which speeds up test authoring and execution and reduce maintenance of automated tests.


[Source: FINSMES]

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