Virtuoso, the global leader in hyperautomated testing, announced record growth to close out 2021. It plans to use the $13.3 million it raised in a fundraising round led by Paladin Capital and joined by Mubadala Capital, as well as existing investors Crane Venture Partners, Forward Partners, and Downing Ventures, to improve its core product, grow its market share in the United States, and expand its go-to-market team.
Virtuoso is the world’s first self-contained web application testing platform. The platform allows you to enhance the quality of the testing while also lowering the amount of human effort needed to test your web application. The platform examines the application to make testing more simple and effective.
Adil Mohammed, Founder, and CEO, Virtuoso, commented: “As companies rapidly expanded their tech investments during the pandemic, the burden on developers grew immensely, leading to widespread burnout and staff shortages. At Virtuoso, our robotic process automation-powered platform identifies bugs and errors at pace, cutting down testing times tenfold, while QA costs are decreased by up to 90%. By partnering with Virtuoso, companies can keep up with the pressures to release software quickly and reduce challenges for their staff, without excessive costs. The no-code testing space is fast-growing and we are proud to be leading the charge.”
Virtuoso ended their fiscal year in January, capping after a successful year that included:
- It received a $13.3 million investment to fund global expansion, product innovation, and staff expansion.
- The company’s sales increased by 3.5 times in 2021, setting a new record.
- The company’s team grew threefold in 2021, adding key team members in the United States and India to better serve clients throughout the world.
Ken Pentimonti, Principal and European Manager, Paladin Capital Group commented: “Virtuoso is ahead of the curve when it comes to the increasingly vital software testing automation market with their codeless end-to-end testing solution. We look forward to helping the team expand their reach globally and to ultimately succeed in their mission of facilitating the development of software more quickly and more easily.”
To support its expansion in 2022, the company plans to increase its personnel by 75%. Virtuoso’s commitment to revolutionizing the test automation market is validated by its great growth performance, global expansion, and new product additions.