Sunday, July 3, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Bonds

BrowserStack valued at $4 billion in $200 million BOND-led funding – TechCrunch

MtR by MtR
June 16, 2021
in Bonds
0


Yet another SaaS startup, which began its journey in India, has attained the much coveted unicorn status. BrowserStack, a startup that operates a giant software testing platform, said on Wednesday it has raised $200 million in a new financing round that valued the 10-year-old firm at $4 billion.

BOND led the Dublin and San Francisco-headquartered startup’s Series B financing round, while Insight Partners and existing investor Accel participated in it. BrowserStack, which for the first six years of its journey didn’t raise any money and remains profitable, has raised $250 million to date.

As companies move to rapid development cycles they often don’t have the time to perform adequate testing. For instance, say Google is working to launch a new mobile app. The search giant will want to test the new app on thousands — if not tens of thousands — of different mobile devices.

At present, even a company the size of Google will find it cumbersome to secure, store and maintain all those test devices. That’s where BrowserStack comes into play.

The startup has 15 data centers across the world and a repository of over 2,000 devices. BrowserStack, which began its journey in Mumbai, licenses its service to firms to let them remotely test their apps and websites on its devices, explained Nakul Aggarwal, co-founder and CTO of BrowserStack, in an interview with TechCrunch.

“Our mission has always been to help engineers build amazing products for their customers. Whenever they are developing an app or a website they have to ensure that it works across the fragmented ecosystem,” said Aggarwal, referring to various kinds of mobile devices, tablets, TVs, wearables and other platforms. “We are ensuring that engineers don’t have to worry about building their own in-house labs for devices.”

Google is not a hypothetical example. The Android-maker along with giants including Amazon, Microsoft, Twitter, Tesco, Ikea, Spotify, Expedia, and Trivago are among over 50,000 customers of BrowserStack. Over 60% of BrowserStack’s customers today are in the U.S.

BrowserStack founders Nakul Aggarwal and Ritesh Arora (BrowserStack)

“As software continues to rewire everything, the bar on speed and quality continues to rise, and testing software across the expanding number of browsers and devices is a huge and expensive challenge for development teams to manage on their own,” said Jay Simons, General Partner at BOND, in a statement.

Related articles

A rare selloff for both stocks and bonds slammed investors. Will the 60-40 portfolio survive?

July 3, 2022

Bond ETFs Attract New Investors With Narrower Offerings – The Wall Street Journal

July 3, 2022

“BrowserStack makes this simple and cost-effective, giving developers instant access to the widest range of browser and device configurations to test their applications. This product is an absolute boon for today’s web and app developers.”

It wasn’t until early 2018 when BrowserStack, which bootstrapped its way to profitability, first raised capital from an investor. Aggarwal said the founding team’s previous failed ventures made them more disciplined about money and it wasn’t until BrowserStack had assumed the market leading position and began scaling to new markets that it started to explore outside capital.

Aggarwal said BrowserStack wants to become the testing infrastructure of the internet and the new funds will help achieve that. “Every pull request that is getting raise, we want to become the infrastructure where it is getting tested,” he said. The startup, which recently acquired visual testing and review platform Percy, is open to more acquisition and acquihire opportunities.

“Our recent acquisition of Percy, a visual testing platform, was just the start. We will accelerate the rate at which we take new products to market through acquisitions and investment in our Product and Engineering teams. We want to achieve our vision of becoming the testing infrastructure for the internet,” said Ritesh Arora, co-founder and chief executive of BrowserStack.

BrowserStack joins a number of SaaS startups — including Chargebee and Gupshup — that began their journey in India and became a unicorn this year.



Source link

Related Posts

A rare selloff for both stocks and bonds slammed investors. Will the 60-40 portfolio survive?

by MtR
July 3, 2022
0

The first half of 2022 has been a historically bad stretch for markets, and the carnage hasn’t been limited to...

Bond ETFs Attract New Investors With Narrower Offerings – The Wall Street Journal

by MtR
July 3, 2022
0

Bond ETFs Attract New Investors With Narrower Offerings  The Wall Street Journal Source link

Private Placement | Corporate Bonds: Fund raising via debt placement drops 39% to Rs 32,405 crore in April-May on hike in interest rates

by MtR
July 3, 2022
0

Fund raising by listed companies through private placement of corporate bonds dropped 39 per cent to Rs 32,405 crore in...

Of bonds between fathers, daughters & granddaughters : The Tribune India

by MtR
July 3, 2022
0

Natasha Badhwar One of the gifts of raising children is witnessing their developing relationship with one’s parents. “Nana...

Blue bonds: An ocean of possibilities – The Daily Star

by MtR
July 2, 2022
0

Blue bonds: An ocean of possibilities  The Daily Star Source link

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

A rare selloff for both stocks and bonds slammed investors. Will the 60-40 portfolio survive?

July 3, 2022

Australian dollar pulverised as commodity bubble bursts

July 3, 2022

MMA introduces currency sign of Rufiyaa

July 3, 2022

Cryptocurrency Market: Crypto week at glance: Volatility jolts crypto markets, BTC below $20k

July 3, 2022

Recent News

A rare selloff for both stocks and bonds slammed investors. Will the 60-40 portfolio survive?

July 3, 2022

Australian dollar pulverised as commodity bubble bursts

July 3, 2022

MMA introduces currency sign of Rufiyaa

July 3, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter