Koality Raises $1.8 Million In Seed Funding
Koality has raised $1.8 million in a seed round of funding led by FF Angel, Peter Thiel, Kris Duggan, the Webb Investment Network, Index Venures, Felicis Ventures, and several angel investors from Facebook, Quora, and Palantir. Koality wants to help solve the problem dealing with long time-to-market development. Koality co-founders Jonathan Chu, Jordan Potter, and Ryan Scott worked with Peter Thiel at Palantir Technologies. The three of discovered a drastic way to improve software development processes. Koality is able to increase test speeds by up to 64 times.
Koality debuted at TechCrunch Disrupt 2013 this month. The company has a software testing platform for growth and enterprise companies to increase developer productivity.
“Every young company is eager to discover acceptance for its ideas. The broad support we’ve received–both financially and operationally–from Peter and our other initial investors is extremely encouraging,” stated Koality chief executive officer Jonathan Chu. “Our executive team is looking forward to making the most of these considerable resources over the coming months.”This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry