UTest, headquartered in Framingham near Boston, Massachusetts, provides in-the-wild testing that spans the whole software development lifecycle. They have a community of over 100,000 professional testers in 200 countries to test software under real-world conditions.
Goldman Sachs led the series E round that saw reinvestment from QuestMark Partners, Scale Venture Partners, Longworth Venture Partners, Egan-Managed Capital and private advisory boutique Mesco. The round raised $43m and brings the total investment to $80.8m.
Doron Reuveni, chief executive of UTest, said: “In-the-wild testing has become a critical part of launching great digital experiences – from apps for web, mobile, wearables and beyond. Funding on this scale, and from a leader like Goldman Sachs, will help us broaden these services, and incorporate tools that enable companies to achieve 360-degree app quality. We’re positioned for a massive market opportunity, and to extend our lead as the one-stop solution for modern app quality.”
David Campbell, Goldman Sachs’ managing director, Merchant Banking Division will join the UTest Board of Directors.
Campbell said: “Today, customer-facing applications have become critically important for most businesses. And app quality is a key differentiator between winners and losers in this era of the always-connected, on-the-go, highly vocal user. When you consider the complexity of creating truly great applications, UTest is uniquely positioned to help its customers win, and to build a large, lasting company in the process.”
The funding will be used to expand the in-the-wild testing services and grow distributions channels.