Testsigma Pockets $8.2 Mn To Integrate GenAI Stack

SUMMARY

Testsigma raised $8.2 Mn (about INR 68.4 Cr) as a part of its extended Series A funding round led by MassMutual Ventures, the VC arm of Massachusetts Mutual Life Insurance Company on Wednesday

In 2022, the software startup secured $4.6 Mn (around INR 38.4 Cr) in a seed funding round co-led by Accel and STRIVE, along with BoldCap and a cohort of renowned entrepreneurs as well as operators

Testsigma is also integrating GenAI into its platform, and launched a new product custom-designed for the Salesforce ecosystem

Automated testing company Testsigma has raised $8.2 Mn (around INR 68.4 Cr) as a part of its extended Series A funding round led by MassMutual Ventures, the VC arm of US-based insurance Massachusetts Mutual Life Insurance Company.

The round also saw participation from its existing investors, including Accel, STRIVE and BoldCap.

Founded in 2019 by Rukmangada Kandyala, Pratheep Velicherla, Vikram Chaitanya, and Rajesh Reddy, Testsigma offers end-to-end testing for websites, native Android and iOS apps and APIs using simple English. The company holds experience in developing enterprise SaaS applications for Zoho, Freshworks, Oracle and HPE.

“This fundraise will definitely help us invest more in product engineering and will help us accelerate the various projects that we are internally working on, one of them being Generative AI,” said Kandyala, CEO of Testsigma.

He also added, “With the new GenAI capabilities and our new product for the Salesforce ecosystem, we get one step closer to our vision of building the operating system for quality engineering teams. We have been investing heavily in GenAI and our customers are rapidly adopting generative AI practices.”

Anvesh Ramineni, managing partner at MassMutual Ventures, said, “We are impressed by the rapid adoption of Testsigma’s platform among enterprise QA teams and are excited about the GenAI capabilities they have been building”.

In 2022, the San Francisco and Bengaluru-based software startup secured $4.6 Mn (around INR 38.4 Cr) in a seed funding round co-led by Accel and STRIVE, along with BoldCap and a cohort of renowned entrepreneurs as well as operators.

On the back of the fundraise, Testsigma is also integrating GenAI into its platform, aimed at scaling up both the efficiency and effectiveness of quality assurance teams.

As per Inc42’s recent report, Indian startups are back on the funding spree, and in the past week, startups raised $217.84 Mn across 31 deals, which is a 273% increase from $58.36 Mn bagged across 16 deals, the week before.

Lending tech startup Fibe (formerly EarlySalary) has bagged $90 Mn (about INR 750 Cr) in its Series E funding round by TR Capital, Trifecta Capital and Amara Partner on Wednesday (June 5).