Testsigma Bags $4.6 Mn From Accel And STRIVE To Build Open Source Test Automation Platform

San Francisco-based software startup, Testsigma has secured a $4.6 Mn seed funding led by Accel and STRIVE along with participation from BoldCap and a cohort of renowned entrepreneurs as well as operators. 

Other investors include Shanmugam Krishnasamy, cofounder and CTO of Freshworks; Kiran Darisi, cofounder and VP of engineering at Freshworks; Parsuram Vijayasankar, cofounder and principal engineer at Freshworks; Vetri Vellore, CEO of ally.io; Nitesh Banta, CEO at B12; Ioann Fainsilber, cofounder at Pintek, and others.

The software startup will use the capital to strengthen the core engineering and product team. It will also build a global community of testers, test automation engineers, and developers.

“Today’s test stack has made test automation more about writing and maintaining scripts than about taking quality software to market as quickly as possible. What we are trying to do at Testsigma is not just simplify test automation to speed up the testing, but also make it a sustainable, scalable process in which the tools do not require ongoing maintenance, freeing up the teams to focus on value delivery instead of building and maintaining scripts and frameworks,” said, Rukmangada Kandyala, founder and CEO of Testsigma.

Established by Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy in 2019, Testsigma holds experience in developing enterprise SaaS applications for Zoho, Freshworks, Oracle, and HPE. Besides this, other companies that are presently using its platform are Sage, HPE, Netgear, HDFC Life, IEEE,  SignEasy, American Psychological Association, and Mehiläinen. 

The startup is essentially an open-source, low-code, extendable test automation platform that enables everyone in the team to rapidly develop, execute, and analyse end-to-end tests for web and mobile apps, and APIs in English.

“Test Automation is a problem faced by every organization, more so these days when release cycles are getting shorter. We are very excited to partner with Testsigma. It is an incredibly comprehensive, easy-to-use test automation platform that caters to every testing requirement of an organization,” said Abhinav Chaturvedi, partner at Accel.

Testsigma claims that its open-source test automation platform is designed to replace the entire broken test stack. It enables modern software development teams to test and release products quickly, continuously, and at scale. Thus, it offers a seamless experience to modern engineers wanted by resolving their problems.

While the market opportunity is huge, the test automation sector sees immense competition. Some of the major players in the test automation industry are LambdaTest, SOAPUI, Micro Focus ALM Quality Center, Apache JMeter, PostMan and BrowserStack.

Late in 2021, Browserstack acquired open-source test automation framework Nightwatch.js. Nightwatch.js helps developers run and manage tests with simple syntax and an in-built test runner. 

At present, the test automation market is rapidly accelerating. According to a Capgemini World Quality report (2021-22), the test automation market is growing at a healthy 20% year-on-year. 

It will be a $50 Bn market by 2025. Currently, more than 80% of the companies are building their custom test automation stack from scratch. Over 63% of these companies are looking for smart testing solutions to speed up the releases.