Crowd sourced testing platform, uTest has been quietly building a huge business out in Southborough Mass. and today they are announcing a huge round of funding. Just 15 months after the company raised a $13 million Series C round, uTest has just raised a whopping $17 million Series D round. The round was led by QuestMark Partners and includes their previous investors Scale Venture Partners, Longworth Venture Partners, Egan-Managed Capital and Mesco Ltd. The company was founded in 2008 and has raised over $37 million to date.
uTest provides “in-the-wild” testing services for companies to streamline their QA processes. The company’s current community consists of more than 45,000 professional testers from 180 countries. Some of their clients include Google, Microsoft, Groupon, AOL and the BBC, as well as high-growth innovators such as Trulia, Tapulous, Bump and BillGuard
“The market’s adoption of uTest’s services has been amazing– particularly among retailers, media companies, gaming firms and agencies,” said uTest CEO, Doron Reuveni. “Given the ever-increasing demands by users that a company’s apps work flawlessly under real-world conditions, the opportunity before uTest is massive. This latest round sets us up to help even more companies, developers and testers launch apps that their users love.”
With revenues increasing 250% year-over-year since 2008, the company is in a strong financial position and ready to pour more gas on the fire. The new capital will be used to:
- Open new offices in app creation hot spots, including Seattle, Los Angeles, Dallas and Chicago
- Develop tools that enable companies to launch better apps
- Explore M&A opportunities in the app-enablement space
- Recruit additional specialized experts – including security testers, linguists and performance engineers
- Expand its testing platform and APIs for third-party developers
“Social, local and mobile have created phenomenal growth opportunities in our economy. And today, every company is an app creator– whether in retail, social, education or healthcare,” said QuestMark Partner, Tim Krongard. “uTestis perfectly positioned to help developers launch applications that will work as well in the wild as they do in the lab. Through our research, we repeatedly heard customers tell us that uTest helps them bring better products to market.”
Congrats to uTest on the raise and keep an eye on this company.
