Insight Venture Partners invests $165 million in automated testing startup Tricentis
Summary
Tricentis, a startup that helps enterprise development teams automate software testing, got a bushel of money today from Insight Venture Partners — $165 million to be exact. As part of the deal, Insight Managing Director Mike Triplett will join the Tricentis board. Then we run tests against .NET, HTML or Java or whatever the API may be,” Tricentis CEO Sandeep Johri explained. It’s certainly an approach that appealed to Insight, who saw a company that was solving a big issue for enterprises as they moved from an older Waterfall development methodology to a more modern Agile one. Johri says his company hasn’t burned a lot of cash to this point, and he wants to keep it that way, but will keep his eyes open for strategic acquisitions.
Funding
Amount
$7.0M
Total raised
Date
December 12, 2012
Announcement date
Investors
ViewPoint Partners, Tricentis
Lead investors
Company
http://www.tricentis.com
Funded company
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Software Testing
Test Automation
Quality Engineering
Linked Companies
Tricentis
$100M to $250M