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Tricentis raises fresh capital

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Tricentis raises fresh capital
The Viennese company Tricentis specializing in automated software tests, which is also represented in Silicon Valley, has received financial support to the amount of EUR 165 million (EUR 154 million) from the private equity and venture capital company “Insight Venture Partners.”

The financing is for the purpose of further expansion, and is designed to enable even more aggressive growth for the experts in automated software testing. Top customers include BMW, Toyota and Starbucks.

"The financing puts additional capital at our disposal to invest in the business and grow more aggressively“, said Tricentis co-founder and sales manager in a press release.

Operating globally

According to Tricentis’ own information, the company supports more than 400 companies with its software, including HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks and Deutsche Bank. The company has offices in Austria, Germany, Switzerland, Netherlands, Poland, Great Britain, USA, Australia and India..

Insight Venture Partners has already provided funding totaling USD 13 billion to more than 250 companies.

Link: www.tricentis.com

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