New Portfolio Company Kobiton Raises $5 Million Series A Led by BIP Capital

Today our newest portfolio company Kobiton announced that it has raised $5.2 million in new capital to continue growing its mobile app experience business. The round was led by BIP Capital, with our SVP Dan Drechsel joining the company’s Board of Directors; and support from Kobiton seed investors KMS Technology and Kinetic Ventures, and Jon Hallett (Executive Chairman of BetterCloud and a longtime Atlanta-area investor), Ken Walters (formerly president and COO of Infor and QASymphony board member) and Kevin Lee, CEO of Kobiton. In total, Kobiton has raised over $8 million.

Over 500 companies and 35,000 testers have used Kobiton’s mobile testing platform, which improves mobile app user experiences by offering manual and automated testing of apps on real devices. Its customers include Cap Gemini, Frontier Airlines, GreenSky, Office Depot and Q2.

Kobiton launched in 2016 after being spun-out of KMS Technology’s incubator, Upstar Labs, which previously founded software testing companies QASymphony (acquired by Tricentis) and Katalon (a leading test automation platform and recognized as a Gartner Peer Insights Customers’ Choice).

In today’s announcement, Drechsel commented on the new investment:

“Organizations are finding it challenging to adopt mobile test automation at scale. The unique requirements of utilizing real-devices, coupled with the complexity of developing test automation scripts, has allowed, up to now, only the most sophisticated organizations to tackle this challenge. Kobiton is truly transforming mobile test automation by leveraging its vast experience in real-device testing and adding AI-powered scriptless test automation technology to its platform.”

Kobiton will use the funds to expand its sales, marketing, customer support and product development efforts.

>> Read the full press release on PR Newswire.

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