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Cypress.io Raises $4 Million for Front End Automated TestingCypress.io, the next generation automated testing framework built for the modern web, announced today that it has secured $4 million in seed funding co-led by Las Olas Venture Capital (LOVC) and Bessemer Venture Partners. Previous investors Tech Square Ventures, BLH Ventures and Buckhead Investment Partners supported the round. The investment will be used to accelerate product development, sales growth and market expansion. As part of the financing Esteban Reyes, founding partner of LOVC, has joined the Cypress board of directors. "Cypress was designed to fit seamlessly into DevOps workflows, making developers' lives easier and enabling faster and more comprehensive test automation to dramatically accelerate software release cycles," said Drew Lanham, chief executive officer of Cypress. "This infusion of capital will allow us to continue building Cypress for our thriving community of passionate developers." "We're very excited about investing in Cypress and believe the company is the future of test automation," Reyes said. "Legacy solutions are slow, suffer from flakiness and don't provide rapid test result feedback loops. This limits the speed of product releases, increases costs of test suite maintenance and wastes valuable engineering time on debugging. Cypress solves all of those problems at scale and makes automating testing dead simple for developers," he added. "Cypress is rapidly becoming the go to solution for tst automation of dynamic web applications," said Bob Goodman, partner at Bessemer Venture Partners. "The dramatic speed of organic user adoption fueled by developer love for Cypress and the company's customer-focused roadmap drove our investment decision." About Cypress Cypress provides better, faster and more reliable testing for anything that runs in a browser. Founded in 2014 to take the pain out of front end software testing, Cypress is developer driven and is used by more than 13,000 developers at organizations like Betterment, Crunchbase, DHL, GitHub, Kiwi (News - Alert), NASA, The New York Times, Slack and Shopify. Cypress is headquartered at the Advanced Technology Development Center at Georgia Tech in Atlanta. Learn more at www.cypress.io. About Las Olas Venture Capital Las Olas Venture Capital (LOVC) invests in early-stage, B2B companies, that are redefining the future of their industries. LOVC's mission is to find outstanding entrepreneurs in non-obvious places and maximize their impact by connecting them to networks of capital, talent, and customers in well-established startup ecosystems. For more information visit www.lasolasvc.com. About Bessemer Venture Partners Bessemer Venture Partners (BVP) is a $5B global venture capital firm that invests in consumer, enterprise and healthcare startups from seven offices around the world. One of the longest-standing venture capital firms in the world, BVP invested in the early stages of Pinterest, Twitch, Blue Apron and Skype and has helped 122 of its companies go public, including SendGrid, Twilio, MindBody, Shopify, Wix, Yelp and LinkedIn (News - Alert). Follow us @BessemerVP.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180626005183/en/ |
