Tricentis, a Vienna, Austria-based continuous testing company for agile enterprise organizations, raised $165m in Series B financing.
Insight Venture Partners, a global private equity and venture capital firm, made the investment. As part of the transaction, Insight Managing Director Mike Triplett, will join Tricentis’ board of directors.
helps more than 400 companies – including HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange and UBS – achieve software testing automation rates of more than 90 percent. Tricentis Tosca has been proven to achieve 10 times the test-automation efficiency of tools that employ manual scripting.
The company intends to use the funds to continue accelerating its market penetration and scale its operations.
Led by Sandeep Johri, CEO, Tricentis provides enterprises with an integrated software testing solution, Tosca Testsuite, which consists of a Model-based Test Automation and Test Case Design approach, encompassing risk-based testing, test data management and provisioning, service virtualization, etc.
The company, which currently serves 400+ customers including ExxonMobil, HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange, A&E, Vantiv, Vodafone, Telstra and UBS, has offices in Austria, Australia, Germany, India, Netherlands, Switzerland, Poland, United States and the UK.