- ProdPerfect, the emerging leader in autonomous end-to-end (E2E) web application testing platform, announced it raised $13 million
ProdPerfect — the emerging leader in autonomous end-to-end (E2E) web application testing platform — announced it has raised $13 million in Series A funding led by Anthos Capital with the participation of Fika Ventures, Eniac Ventures, Entrepreneurs Roundtable Accelerator, and Acrew Capital.
ProdPerfect is known for unleashing the power of machine learning to solve the hardest, most important, and previously unsolved problems in E2E QA testing. And ProdPerfect autonomously and continuously identifies, creates, maintains, and evolves E2E test suites via analysis of live user traffic.
ProdPerfect is building on its $2.6 million seed round announced in March 2019. And now the company has over 50 customers and has been growing at 25% month-over-month in booked revenue.
This round of funding will enable ProdPerfect to further maximize its impact on application quality, deployment speed, and developer productivity for tech leaders.
“We are thrilled to have the support and recognition of Anthos Capital for our mission to fight burnout in software engineers by automating pains out of software development and improving developer impact,” said ProdPerfect founder and CEO Dan Widing. “And we are excited to have the vote of confidence for our radical approach to quality assurance by our growing customer base, consisting of Silicon Valley hypergrowth startups to established global brands.”
Even the most sophisticated businesses struggle with testing. And recent research conducted by large industry players and research firms determined that just 44% of software companies are still testing mostly or entirely manually. And only 28% have become mostly or fully automated.
Plus just one-third of testing teams are still using spreadsheets for test management. And only 17% have fully embraced DevOps while only 21% are able to fix bugs immediately. Bugs that are not caught by testing can cost trillions of dollars every year. And unfortunately, 25% of software budgets are allocated towards testing for QA.
“ProdPerfect matches our investment profile to support high impact, mission-driven teams building disruptive companies in spaces ripe for transformation,” added Paul Farr of Anthos Capital. “Their data-driven approach removes the guesswork and critical coverage problems in application testing by automatically discovering and testing based on live user traffic – freeing up valuable engineering resources for digital product innovation.”
ProdPerfect distinguishes itself from the “automated” testing solutions by deploying a fully-managed and hands-off E2E autonomous browser-level regression test suite based on anonymous live user data — which requires no training, maintenance, or mindshare.
“There’s nothing else available that can do what ProdPerfect does. No other test automation product will help you determine what tests to write, and none of them are hands-off like ProdPerfect,” commented Negotiatus co-founder and CTO Tom Jaklitsch. “ProdPerfect identified 5-6 potentially site-breaking bugs in test, but the service was entirely worth it as soon as we found one. It’s an integral part of our testing and deployment pipelines, and knowing that our integration tests are constantly up-to-date and protecting our core workflows has empowered our engineering and product teams to deliver more efficiently.”
