Mumbai-based software testing startup BrowserStack has secured new funds of US$ 200 million as part of a Series B funding round led by Bond at a valuation of US$4 billion on 16 June, 2021.
Investors: The Series B round led by Bond Capital also involved active participation from Mary Meeker’s investment capital firm. The investment, which was a part of the SaaS (software-as-a-service) startup’s series B financial round, also saw participation from Insight Partners and existing backer Accel.
Purpose of the Funding: The firm will deploy the capital to fund strategic acquisitions, expand its product offerings and build on its growth. The ten-year-old startup seeks to deploy the proceeds from the current round for planning future investments and acqui-hires. It also plans to invest the funds to expand its product and engineering teams, as it intends to draw attention to scale and growth.
About BrowserStack
Founded in 2011 by Ritesh Arora and Nakul Aggarwal, BrowserStack’s products help developers create bug-free software for the roughly 5 billion internet users viewing websites and mobile applications through a range of digital platforms– devices, browsers, operating systems, and versions. The company gives developers admittance to a cloud website that enables them to check their websites and mobile applications, eliminating the requirement for teams to maintain and manage an in-house test infrastructure. BrowserStack, with the help of its software testing platform, supports more than two million tests daily across 15 global data centres. The platform enables developers to get immediate entry to over 2,000 real mobile devices and browsers for testing. The startup has roughly 50,000 corporate clients, including the elite internet club of Google, Amazon, Microsoft, Twitter, and Spotify, among others.
What the Founder has to say: “We pursue to take an overview of the various functions to speed up the pace at which we introduce new products in the market. These funds will aid us in exploring new techniques by which we can get new products to market through acquisitions, acqui-hires, or by intensive investment in our product and engineering teams. We envisage reaching our mission of becoming the testing infrastructure for the internet” – Ritesh Arora, Co-founder and CEO of BrowserStack.
What the Investors have to say: “As software pursues to link everything, the focus on speed and quality keeps on rising, and testing software over the rising number of browsers and devices is an enormous and costly question for development teams to manage on their own. BrowserStack makes this straightforward and economical, allowing developers instant admittance to the broadest range of browser and device configurations to check their applications,” -Jay Simons, General Partner at Bond Capital.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
