Web testing platform BrowserStack is finally moving on from being bootstrapped to landing a $50 Mn Series A funding from Accel Partners for a minority equity position. Mumbai-based BrowserStack, which has since opened offices in Dublin and San Francisco, is expected to be valued at $400 Mn-$500 Mn as per two sources familiar with the development.
The investment will fuel BrowserStack’s continued commitment to being the testing infrastructure for the internet and allows the company to expand its world-class team and raise global brand awareness.
Accel India and Accel Growth have invested in the company as part of the round, with its US-based partner Ryan Sweeney joining the board. The deal was led by Sweeney along with Accel India’s Shekhar Kirani and another US partner Nate Niparko.
The mobile and browser testing platform was founded in 2011 by IIT Bombay batchmates Ritesh Arora and Nakul Aggarwal and happens to be their fourth venture while also being their first one to succeed.
Ritesh stated, “Today’s funding allows BrowserStack to invest in enhancing our testing infrastructure suite and expanding our enterprise go-to-market capabilities while maintaining our extraordinary growth trajectory; especially in the North American market where we expect to increase our presence significantly over 2018.”
The company also announced the opening of its new North American headquarters in San Francisco, with Google veteran Shailesh Rao as our Chief Operating Officer.